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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Rollforward
Changes in the carrying value of goodwill by segment were as follows (in thousands):
December 31, 2020U.S. operations segmentLatin America operations segmentTotal
Balance, beginning of year$771,311 $177,332 $948,643 
Acquisitions (see Note 3)28,978 4,456 33,434 
Effect of foreign currency translation (6,505)(6,505)
Other adjustments1,859 (50)1,809 
Balance, end of year$802,148 $175,233 $977,381 
December 31, 2019
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 
Definite Lived Intangible Assets Amortization
The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):
As of December 31,
20202019
Gross
Carrying
Amount
Accumulated AmortizationNet
Carrying
Amount
Gross
Carrying
Amount
Accumulated AmortizationNet
Carrying
Amount
Customer relationships$25,782 $(23,918)$1,864 $25,899 $(21,681)$4,218 
Goodwill Future Amortization Expense Estimated future amortization expense is as follows (in thousands):
2021$1,299 
2022295 
2023230 
202431 
2025
$1,864 
Indefinite-Lived Intangible Assets
Indefinite-lived intangible assets as of December 31, 2020 and 2019 consist of the following (in thousands):
As of December 31,
20202019
Trade names$46,300 $46,300 
Pawn licenses (1)
34,237 34,107 
Other indefinite-lived intangibles1,250 1,250 
$81,787 $81,657 

(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, 2020 and 2019.