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Goodwill and Other Intangible Assets, Net | 3 Months Ended
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Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net |
1 6. | Goodwill and Other Intangible Assets, Net
The changes in the carrying amount of goodwill were as follows (in thousands):
|  | Goodwill |
Balance at December 31, 2020 |  | $ | 556,211 |
Cumulative translation adjustment |  |  | 181 |
Balance at March 31, 2021 |  | $ | 556,392 |
For additional information on Goodwill, see Note 4—“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. Other intangible assets consisted of the following (in thousands, except weighted-average remaining life):
|  | March 31, 2021 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted- Average Remaining Life (Years) |
Definite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer-related |  | $ | 252,743 |  |  | $ | 82,068 |  |  | $ | 170,675 |  |  |  | 10.2 |
Technology |  |  | 24,025 |  |  |  | 20,887 |  |  |  | 3,138 |  |  |  | 0.9 |
Noncompete agreements |  |  | 30,816 |  |  |  | 29,745 |  |  |  | 1,071 |  |  |  | 5.7 |
Patents |  |  | 10,616 |  |  |  | 10,228 |  |  |  | 388 |  |  |  | 1.5 |
All other |  |  | 30,629 |  |  |  | 6,303 |  |  |  | 24,326 |  |  |  | 7.9 |
Total definite life intangible assets |  |  | 348,829 |  |  |  | 149,231 |  |  |  | 199,598 |  |  |  | 9.7 |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 79,570 |  |  |  | — |  |  |  | 79,570 |  |  | N/A |
Licenses |  |  | 2,403 |  |  |  | — |  |  |  | 2,403 |  |  | N/A |
Total indefinite life intangible assets |  |  | 81,973 |  |  |  | — |  |  |  | 81,973 |  |  | N/A |
Total |  | $ | 430,802 |  |  | $ | 149,231 |  |  | $ | 281,571 |  |  |  | 9.7 |
|  | 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 |  |  |  | 1.6 |
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 |
Intangible amortization expense was $7.0 million and $8.2 million for the three months ended March 31, 2021 and 2020, respectively. Intangible amortization is included as part of “Other expenses” in the Company’s unaudited condensed consolidated statements of operations. There were no impairment charges for the Company’s definite and indefinite life intangibles for the three months ended March 31, 2021 and 2020. The estimated future amortization expense of definite life intangible assets as of March 31, 2021 is as follows (in millions):
2021 |  | $ | 19.9 |
2022 |  |  | 23.6 |
2023 |  |  | 21.8 |
2024 |  |  | 21.3 |
2025 |  |  | 21.3 |
2026 and thereafter |  |  | 91.7 |
Total |  | $ | 199.6 |

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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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