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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets |
6. | Goodwill and Intangible Assets
(table only in thousands) |  | Six months ended June 30, 2019 |  |  | Year ended December 31, 2018 |
Goodwill / Tradename |  | Goodwill |  |  | Tradename |  |  | Goodwill |  |  | Tradename |
Beginning balance |  | $ | 152,156 |  |  | $ | 18,258 |  |  | $ | 166,951 |  |  | $ | 19,691 |
Transfers to finite life classification |  |  | — |  |  |  | (3,904 | ) |  |  | — |  |  |  | — |
Divestitures |  |  | — |  |  |  | — |  |  |  | (14,317 | ) |  |  | (1,340 | )
Foreign currency translation |  |  | 43 |  |  |  | (12 | ) |  |  | (478 | ) |  |  | (93 | )
|  | $ | 152,199 |  |  | $ | 14,342 |  |  | $ | 152,156 |  |  | $ | 18,258 |
(table only in thousands) |  | As of June 30, 2019 |  |  | As of December 31, 2018 |
Intangible assets – finite life |  | Cost |  |  | Accum. Amort. |  |  | Cost |  |  | Accum. Amort. |
Technology |  | $ | 14,457 |  |  | $ | 9,933 |  |  | $ | 14,457 |  |  | $ | 9,414 |
Customer lists |  |  | 68,943 |  |  |  | 41,342 |  |  |  | 68,943 |  |  |  | 37,873 |
Noncompetition agreements |  |  | 910 |  |  |  | 835 |  |  |  | 910 |  |  |  | 762 |
Tradename |  |  | 5,294 |  |  |  | 845 |  |  |  | 1,390 |  |  |  | 579 |
Foreign currency adjustments |  |  | (1,521 | ) |  |  | (399 | ) |  |  | (1,520 | ) |  |  | (407 | )
|  | $ | 88,083 |  |  | $ | 52,556 |  |  | $ | 84,180 |  |  | $ | 48,221 |
Activity for the six-months ended June 30, 2019 and 2018 is as follows:
(table only in thousands) |  | 2019 |  |  | 2018 |
Intangible assets – finite life, net at beginning of period |  | $ | 35,959 |  |  | $ | 49,956 |
Amortization expense |  |  | (4,320 | ) |  |  | (4,988 | )
Divestitures |  |  | — |  |  |  | (2,372 | )
Transfers from indefinite life classification |  |  | 3,904 |  |  |  | — |
Foreign currency adjustments |  |  | (16 | ) |  |  | (152 | )
Intangible assets – finite life, net at end of period |  | $ | 35,527 |  |  | $ | 42,444 |
Amortization expense of finite life intangible assets was $2.2 million and $2.4 million for the three-month periods ended June 30, 2019 and 2018, respectively and $4.3 million and $5.0 million for the six-month periods ended June 30, 2019 and 2018. Amortization over the next five years for finite life intangibles is expected to be $4.1 million for the remainder of 2019, $6.8 million in 2020, $5.7 million in 2021, $4.8 million in 2022, and $4.0 million in 2023. During the six-month period ended June 30, 2019, the Company reassessed the useful lives of certain tradenames and determined that $3.9 million of their tradenames would have useful lives of 10 years now versus indefinite. The Company did not identify any triggering events during the three-month period ended June 30, 2019 that would require an interim impairment assessment of goodwill or intangible assets.

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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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