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Goodwill and Intangible Assets, Net | 3 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill at the dates indicated was as follows:
| At September 30, |  | At December 31,
(in thousands) | 2020 |  | 2019 |  | 2019
North America | $ | 96,161 |  |  | $ | 96,192 |  |  | $ | 96,244 |
Europe | 36,215 |  |  | 33,710 |  |  | 34,300 |
Asia/Pacific | 1,358 |  |  | 1,289 |  |  | 1,335 |
Total | $ | 133,734 |  |  | $ | 131,191 |  |  | $ | 131,879 |
Intangible assets, net, at the dates indicated were as follows:
| At September 30, 2020
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 33,755 |  |  | $ | (21,761) |  |  | $ | 11,994 |
Europe | 25,930 |  |  | (16,960) |  |  | 8,970 |
Total | $ | 59,685 |  |  | $ | (38,721) |  |  | $ | 20,964 |
| At September 30, 2019
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 31,305 |  |  | $ | (18,461) |  |  | $ | 12,844 |
Europe | 23,351 |  |  | (14,379) |  |  | 8,972 |
Total | $ | 54,656 |  |  | $ | (32,840) |  |  | $ | 21,816 |
| At December 31, 2019
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 33,756 |  |  | $ | (19,173) |  |  | $ | 14,583 |
Europe | 25,500 |  |  | (15,012) |  |  | 10,488 |
Total | $ | 59,256 |  |  | $ | (34,185) |  |  | $ | 25,071 |
Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization expense of definite-lived intangible assets was $1.7 million and $1.4 million for the three months ended September 30, 2020 and 2019, respectively, and was $4.5 million and $4.1 million for the nine months ended September 30, 2020 and 2019, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 5.5 years. The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at September 30, 2020. At September 30, 2020, the estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining three months of 2020 | $ | 1,508 |
2021 | 5,542 |
2022 | 3,483 |
2023 | 2,662 |
2024 | 1,710 |
2025 | 1,462 |
Thereafter | 3,981 |
| $ | 20,348 |
The changes in the carrying amount of goodwill and intangible assets for the nine months ended September 30, 2020, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2019 | $ | 131,879 |  |  | $ | 25,071 |
Amortization | — |  |  | (4,538) |
Foreign exchange | 1,855 |  |  | 431 |
Balance at September 30, 2020 | $ | 133,734 |  |  | $ | 20,964 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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