XML 14 R13.htm IDEA: XBRL DOCUMENT
v3.19.3

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill and other intangible assets, net of accumulated amortization, at September 30, 2019 and December 31, 2018 are as follows (in thousands):
| September 30, 2019 |  | December 31, 2018
Goodwill | $ | 654,544 |  |  | $ | 647,077 |
Other intangible assets, net | 840,102 |  |  | 870,517 |
Total goodwill and other intangible assets, net | $ | 1,494,646 |  |  | $ | 1,517,594 |
The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 were as follows (in thousands):
| Nine months ended September 30, 2019
Goodwill, beginning of period | $ | 647,077 |
Goodwill adjustments related to businesses acquired | 10,682 |
Currency translation effect on foreign goodwill balances | (3,215 | )
Goodwill, end of period | $ | 654,544 |
The components of other intangible assets were as follows (in thousands):
| Total estimated life (years) |  | September 30, 2019 |  | December 31, 2018
Non-amortizable—indefinite lived: |  |  |  |  |
Brand/trade names |  |  | $ | 441,746 |  |  | $ | 442,299 |
Amortizable: |  |  |  |  |
Non-compete agreements | 4 |  | 2,630 |  |  | 2,630 |
Dealer/customer related | 5-20 |  | 505,150 |  |  | 506,401 |
Developed technology | 5-7 |  | 13,158 |  |  | 13,323 |
Total amortizable |  |  | 520,938 |  |  | 522,354 |
Less: Accumulated amortization |  |  | (122,582 | ) |  | (94,136 | )
Net amortized other intangible assets |  |  | 398,356 |  |  | 428,218 |
Total other intangible assets, net |  |  | $ | 840,102 |  |  | $ | 870,517 |
Amortization expense for intangible assets for the three months ended September 30, 2019 and 2018 was $10,428,000 and $10,403,000, respectively. Estimated amortization expense for the remainder of 2019 through 2024 is as follows: 2019 (remainder), $10,261,000; 2020, $35,978,000; 2021, $33,240,000; 2022, $28,281,000; 2023, $25,757,000; 2024, $25,054,000; and after 2024, $239,785,000. The preceding expected amortization expense is an estimate and actual amounts could differ due to additional intangible asset acquisitions, changes in foreign currency rates or impairment of intangible assets.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration