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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill by Reportable Segment

The following table presents the changes in the carrying amount of goodwill by reportable segment:

 

 

 

Commercial

 

 

Government

 

 

 

 

 

($ in thousands)

 

Services

 

 

Solutions

 

 

Total

 

Balance at December 31, 2019

 

$

424,404

 

 

$

159,746

 

 

$

584,150

 

Foreign currency translation adjustment

 

 

(2,535

)

 

 

 

 

 

(2,535

)

Balance at June 30, 2020

 

$

421,869

 

 

$

159,746

 

 

$

581,615

 

Schedule of Intangible Assets of Respective Period Ends

Intangible assets consist of the following as of the respective period-ends:

 

 

 

June 30, 2020

 

 

December 31, 2019

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

Gross

 

 

 

 

 

 

Average

 

Gross

 

 

 

 

 

 

 

Remaining

 

Carrying

 

 

Accumulated

 

 

Remaining

 

Carrying

 

 

Accumulated

 

($ in thousands)

 

Useful Life

 

Amount

 

 

Amortization

 

 

Useful Life

 

Amount

 

 

Amortization

 

Trademarks

 

0.9 years

 

$

32,067

 

 

$

24,209

 

 

1.5 years

 

$

32,127

 

 

$

19,106

 

Non-compete agreements

 

2.5 years

 

 

62,555

 

 

 

31,119

 

 

3.0 years

 

 

62,549

 

 

 

24,834

 

Customer relationships

 

6.4 years

 

 

365,368

 

 

 

103,204

 

 

6.9 years

 

 

366,533

 

 

 

82,903

 

Developed technology

 

2.8 years

 

 

165,520

 

 

 

80,615

 

 

3.3 years

 

 

165,708

 

 

 

65,631

 

Gross carrying value of intangible assets

 

 

 

 

625,510

 

 

$

239,147

 

 

 

 

 

626,917

 

 

$

192,474

 

Less: accumulated amortization

 

 

 

 

(239,147

)

 

 

 

 

 

 

 

 

(192,474

)

 

 

 

 

Intangible assets, net

 

 

 

$

386,363

 

 

 

 

 

 

 

 

$

434,443

 

 

 

 

 

Estimated Amortization Expense in Future Years

Estimated amortization expense in future years is expected to be:

 

($ in thousands)

 

 

 

 

Remainder of 2020

 

$

46,823

 

2021

 

 

85,379

 

2022

 

 

80,654

 

2023

 

 

52,157

 

2024

 

 

41,671

 

Thereafter

 

 

79,679

 

Total

 

$

386,363