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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill

The following table presents the carrying amount of goodwill (in thousands):

 

 

Total

 

Balance at January 1, 2018

$

319,272

 

Acquisition

 

164,976

 

Other

 

(664

)

Balance at December 31, 2018

 

483,584

 

Acquisition

 

1,094

 

Other

 

(219

)

Balance at December 31, 2019

$

484,459

 

 

Components of Other Intangible Assets

The components of the “Other intangible assets” are as follows (in thousands):

 

 

 

 

 

 

 

 

Net

 

 

 

Gross

 

Accumulated

 

Carrying

 

 

 

Amount

 

Amortization

 

Value

 

Life

As of December 31, 2019:

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

144,123

 

$

(23,517

)

$

120,606

 

5-15  years

 

 

 

 

 

 

 

 

 

 

 

Trade name

$

1,300

 

$

(939

)

$

361

 

18 months

 

 

 

 

 

 

 

 

 

 

 

Total

$

145,423

 

$

(24,456

)

$

120,967

 

 

 

 

 

 

 

 

 

 

Net

 

 

 

Gross

 

Accumulated

 

Carrying

 

 

 

Amount

 

Amortization

 

Value

 

Life

As of December 31, 2018:

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

144,123

 

$

(10,563

)

$

133,560

 

5-15  years

 

 

 

 

 

 

 

 

 

 

 

Trade name

$

1,300

 

$

(72

)

$

1,228

 

18 months

 

 

 

 

 

 

 

 

 

 

 

Total

$

145,423

 

$

(10,635

)

$

134,788

 

 

 

Amortization Expense Amortization expense for the next five years is as follows (in thousands):

 

Total

 

Year 1

$

13,316

 

Year 2

 

12,742

 

Year 3

 

12,700

 

Year 4

 

12,555

 

Year 5

 

10,960