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Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

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

 

 

Components of Other Intangible Assets

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

 

 

Estimated Future Amortization Expense of Definite Life Intangible Assets

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