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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The Company has recorded goodwill as a result of its various business combinations. Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the tangible assets and intangible assets acquired net of liabilities assumed, including noncontrolling interests. Changes in the Company's goodwill balances from December 31, 2018 to March 31, 2019 are as follows (in thousands):
| December 31, 2018 |  | Acquisition Adjustments |  | Foreign Currency Translation |  | March 31, 2019
U.S. Corrections & Detention | $ | 316,366 |  |  | $ | — |  |  | $ | — |  |  | $ | 316,366 |
GEO Care | 459,589 |  |  | — |  |  | — |  |  | 459,589 |
International Services | 404 |  |  | — |  |  | 2 |  |  | 406 |
Total Goodwill | $ | 776,359 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 776,361 |
The Company has also recorded other finite and indefinite-lived intangible assets as a result of its various business combinations. The Company's intangible assets include facility management contracts, covenants not to compete, trade names and technology, as follows (in thousands):
|  |  | March 31, 2019 |  | December 31, 2018
| Weighted Average Useful Life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Facility management contracts | 16.3 |  | $ | 308,516 |  |  | $ | (132,753 | ) |  | $ | 175,763 |  |  | $ | 308,419 |  |  | $ | (127,481 | ) |  | $ | 180,938 |
Covenants not to compete | 1 |  | — |  |  | — |  |  | — |  |  | 700 |  |  | (700 | ) |  | — |
Technology | 7.3 |  | 33,700 |  |  | (27,881 | ) |  | 5,819 |  |  | 33,700 |  |  | (27,478 | ) |  | 6,222 |
Trade name (Indefinite lived) | Indefinite |  | 45,200 |  |  | — |  |  | 45,200 |  |  | 45,200 |  |  | — |  |  | 45,200 |
Total acquired intangible assets |  |  | $ | 387,416 |  |  | $ | (160,634 | ) |  | $ | 226,782 |  |  | $ | 388,019 |  |  | $ | (155,659 | ) |  | $ | 232,360 |
Amortization expense was $5.6 million and $6.1 million for the three months ended March 31, 2019 and 2018, respectively. Amortization expense was primarily related to the U.S. Corrections & Detention and GEO Care segments' amortization of acquired facility management contracts. As of March 31, 2019, the weighted average period before the next contract renewal or extension for the acquired facility management contracts was approximately 1.5 years. Although the facility management contracts acquired have renewal and extension terms in the near term, the Company has historically maintained these relationships beyond the current contractual periods. Estimated amortization expense related to the Company's finite-lived intangible assets for the remainder of 2019 through 2023 and thereafter is as follows (in thousands):
Fiscal Year |  | Total Amortization Expense
Remainder of 2019 |  | $ | 16,522 |
2020 |  | 22,306 |
2021 |  | 19,782 |
2022 |  | 18,273 |
2023 |  | 13,632 |
Thereafter |  | 91,067 |
|  | $ | 181,582 |

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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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