Goodwill and Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

19.	Goodwill and Other Intangible Assets, Net

The changes in the carrying amount of goodwill for the year ended December 31, 2019 and 2018 were as follows (in thousands):

	Goodwill
Balance at December 31, 2018	$	504,646
Acquisitions		55,872
Measurement period adjustments		(7,130	)
Cumulative translation adjustment		357
Balance at December 31, 2019	$	553,745
Acquisitions		3,065
Measurement period adjustments		(301	)
Cumulative translation adjustment		(298	)
Balance at December 31, 2020	$	556,211

For additional information on Goodwill, see Note 6—“Acquisitions.”

Goodwill is not amortized and is reviewed annually for impairment or more frequently if impairment indicators arise, in accordance with U.S. GAAP guidance on Goodwill and Other Intangible Assets.

The Company completed its annual goodwill impairment testing during the fourth quarters of 2020 and 2019, respectively, which did not result in any goodwill impairment. See Note 3—“Summary of Significant Accounting Policies” for more information.

Other intangible assets consisted of the following (in thousands, except weighted-average remaining life):

	December 31, 2020
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Weighted- Average Remaining Life (Years)
Definite life intangible assets:
Customer-related	$	252,241	$	77,106	$	175,135		10.4
Technology		24,025		20,031		3,994		1.2
Noncompete agreements		30,715		29,596		1,119		5.9
Patents		10,616		10,223		393		1.60
All other		29,566		5,028		24,538		8.3
Total definite life intangible assets		347,163		141,984		205,179		9.9
Indefinite life intangible assets:
Trade names		79,570		—		79,570	N/A
Licenses		2,408		—		2,408	N/A
Total indefinite life intangible assets		81,978		—		81,978	N/A
Total	$	429,141	$	141,984	$	287,157		9.9

	December 31, 2019
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Weighted- Average Remaining Life (Years)
Definite life intangible assets:
Customer-related	$	250,788	$	57,332	$	193,456		11.2
Technology		24,024		16,608		7,416		2.2
Noncompete agreements		30,378		28,198		2,180		4.2
Patents		12,232		11,954		278		0.1
All other		7,552		3,195		4,357		9.4
Total definite life intangible assets		324,974		117,287		207,687		10.8
Indefinite life intangible assets:
Trade names		93,083		—		93,083	N/A
Licenses		2,454		—		2,454	N/A
Total indefinite life intangible assets		95,537		—		95,537	N/A
Total	$	420,511	$	117,287	$	303,224		10.8

Intangible amortization expense was $28.3 million, $29.4 million and $27.3 million for the years ended December 31, 2020, 2019 and 2018, respectively. Intangible amortization is included as part of “Other expenses” in the Company’s consolidated statements of operations.

The Company completed its annual intangible impairment testing during the fourth quarter of 2020. There were no impairment charges for the Company’s definite and indefinite life intangibles for the years ended December 31, 2020, 2019 and 2018. See Note 3—“Summary of Significant Accounting Policies” for more information.

The estimated future amortization expense of definite life intangible assets as of December 31, 2020 is as follows (in millions):

2021	$	26.5
2022		23.6
2023		21.7
2024		21.3
2025		21.3
2026 and thereafter		90.8
Total	$	205.2