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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill Changes in the carrying value of goodwill by segment were as follows (in thousands):
December 31, 2019 | U.S. operations segment |  | Latin America operations segment |  | Total
Balance, beginning of year | $ | 759,538 |  |  | $ | 157,881 |  |  | $ | 917,419 |
Acquisitions (see Note 3) | 11,773 |  |  | 15,533 |  |  | 27,306 |
Effect of foreign currency translation | — |  |  | 5,175 |  |  | 5,175 |
Other adjustments | — |  |  | (1,257 | ) |  | (1,257 | )
Balance, end of year | $ | 771,311 |  |  | $ | 177,332 |  |  | $ | 948,643 |
December 31, 2018 |  |  |  |  |
Balance, beginning of year | $ | 743,997 |  |  | $ | 87,148 |  |  | $ | 831,145 |
Acquisitions (see Note 3) | 15,541 |  |  | 71,427 |  |  | 86,968 |
Effect of foreign currency translation | — |  |  | (694 | ) |  | (694 | )
Balance, end of year | $ | 759,538 |  |  | $ | 157,881 |  |  | $ | 917,419 |
The Company performed its annual assessment of goodwill and determined there was no impairment as of December 31, 2019 and 2018. Definite-Lived Intangible Assets The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):
|  | As of December 31,
|  | 2019 |  | 2018
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships |  | $ | 25,899 |  |  | $ | (21,681 | ) |  | $ | 4,218 |  |  | $ | 25,453 |  |  | $ | (18,955 | ) |  | $ | 6,498 |
Executive non-compete agreements |  | — |  |  | — |  |  | — |  |  | 8,700 |  |  | (8,700 | ) |  | — |
|  | $ | 25,899 |  |  | $ | (21,681 | ) |  | $ | 4,218 |  |  | $ | 34,153 |  |  | $ | (27,655 | ) |  | $ | 6,498 |
Customer relationships are generally amortized using an accelerated amortization method that reflects the future cash flows expected from the returning pawn customers. The executive non-compete agreements expired and were fully amortized during 2018. Amortization expense for definite-lived intangible assets was $2.9 million, $6.6 million and $10.7 million for the years ended December 31, 2019, 2018 and 2017, respectively. The remaining weighted-average amortization period for customer relationships is 1.1 years. Estimated future amortization expense is as follows (in thousands):
2020 | $ | 2,368 |
2021 | 1,300 |
2022 | 299 |
2023 | 231 |
2024 | 20 |
| $ | 4,218 |
Indefinite-Lived Intangible Assets Indefinite-lived intangible assets as of December 31, 2019 and 2018, consist of the following (in thousands):
|  | As of December 31,
|  | 2019 |  | 2018
Trade names |  | $ | 46,300 |  |  | $ | 46,300 |
Pawn licenses (1) |  | 34,107 |  |  | 34,092 |
Other indefinite-lived intangibles |  | 1,250 |  |  | 1,250 |
|  | $ | 81,657 |  |  | $ | 81,642 |
(1) | Costs to renew licenses with indefinite lives are expensed as incurred and recorded in store operating expenses in the consolidated statements of income.
The Company performed its annual assessment of indefinite-lived intangible assets and determined there was no impairment as of December 31, 2019 and 2018.

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- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
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