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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 8. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill are as follows:
(in thousands) |  | GES U.S. |  |  | GES International |  |  | Pursuit |  |  | Total |
Balance at December 31, 2015 |  | $ | 112,300 |  |  | $ | 38,635 |  |  | $ | 34,288 |  |  | $ | 185,223 |
Business acquisitions |  |  | 35,977 |  |  |  | — |  |  |  | 35,681 |  |  |  | 71,658 |
Foreign currency translation adjustments |  |  | — |  |  |  | (4,175 | ) |  |  | 1,316 |  |  |  | (2,859 | )
Balance at December 31, 2016 |  |  | 148,277 |  |  |  | 34,460 |  |  |  | 71,285 |  |  |  | 254,022 |
Business acquisitions |  |  | — |  |  |  | 1,060 |  |  |  | 7,094 |  |  |  | 8,154 |
Foreign currency translation adjustments |  |  | — |  |  |  | 3,320 |  |  |  | 5,055 |  |  |  | 8,375 |
Balance at December 31, 2017 |  | $ | 148,277 |  |  | $ | 38,840 |  |  | $ | 83,434 |  |  | $ | 270,551 |
The following table summarizes goodwill by reporting unit and segment:
|  | December 31, |
(in thousands) |  | 2017 |  |  | 2016 |
GES: |  |  |  |  |  |  |  |
U.S. |  | $ | 148,277 |  |  | $ | 148,277 |
International: |  |  |  |  |  |  |  |
GES EMEA |  |  | 31,612 |  |  |  | 27,694 |
GES Canada |  |  | 7,228 |  |  |  | 6,766 |
Total GES |  |  | 187,117 |  |  |  | 182,737 |
Pursuit: |  |  |  |  |  |  |  |
Banff Jasper Collection |  |  | 35,305 |  |  |  | 32,587 |
Alaska Collection |  |  | 3,184 |  |  |  | 3,184 |
Glacier Park Collection |  |  | 1,268 |  |  |  | 1,268 |
FlyOver |  |  | 43,677 |  |  |  | 34,246 |
Total Pursuit |  |  | 83,434 |  |  |  | 71,285 |
Total Goodwill |  | $ | 270,551 |  |  | $ | 254,022 |
Goodwill is tested for impairment at the reporting unit level on an annual basis as of October 31, and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. GES U.S. goodwill is assigned to, and tested at, the operating segment level. GES International goodwill is assigned to and tested based on the segment’s geographical operations (GES Europe, Middle East, and Asia (“GES EMEA”) and GES Canada). Pursuit’s impairment testing is performed at the reporting unit level (Banff Jasper Collection, the Alaska Collection, Glacier Park Collection, and FlyOver). As a result of our most recent impairment analysis performed as of October 31, 2017, the excess of the estimated fair value over the carrying value for each of our reporting units (expressed as a percentage of the carrying amounts) under step one of the impairment test for GES U.S. was 134%, GES EMEA was 214%, GES Canada was 164%, the Banff Jasper Collection was 147%, the Alaska Collection was 99%, the Glacier Park Collection was 16%, and FlyOver was 29%. Our accumulated goodwill impairment as of both December 31, 2017 and 2016 was $229.7 million. Other intangible assets consisted of the following:
|  | December 31, 2017 |  |  | December 31, 2016 |
(in thousands) |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer contracts and relationships |  | $ | 68,798 |  |  | $ | (23,696 | ) |  | $ | 45,102 |  |  | $ | 67,762 |  |  | $ | (14,345 | ) |  | $ | 53,417 |
Operating contracts and licenses |  |  | 9,951 |  |  |  | (1,094 | ) |  |  | 8,857 |  |  |  | 9,315 |  |  |  | (652 | ) |  |  | 8,663 |
Tradenames |  |  | 8,633 |  |  |  | (2,873 | ) |  |  | 5,760 |  |  |  | 8,324 |  |  |  | (1,440 | ) |  |  | 6,884 |
Non-compete agreements |  |  | 5,363 |  |  |  | (3,007 | ) |  |  | 2,356 |  |  |  | 5,190 |  |  |  | (1,369 | ) |  |  | 3,821 |
Other |  |  | 896 |  |  |  | (650 | ) |  |  | 246 |  |  |  | 886 |  |  |  | (458 | ) |  |  | 428 |
Total amortized intangible assets |  |  | 93,641 |  |  |  | (31,320 | ) |  |  | 62,321 |  |  |  | 91,477 |  |  |  | (18,264 | ) |  |  | 73,213 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business licenses |  |  | 460 |  |  |  | — |  |  |  | 460 |  |  |  | 460 |  |  |  | — |  |  |  | 460 |
Other intangible assets |  | $ | 94,101 |  |  | $ | (31,320 | ) |  | $ | 62,781 |  |  | $ | 91,937 |  |  | $ | (18,264 | ) |  | $ | 73,673 |
Intangible asset amortization expense was $12.4 million during 2017, $9.2 million during 2016, and $7.2 million during 2015. The weighted-average amortization period of customer contracts and relationships is approximately 8.5 years, operating contracts and licenses is approximately 26.3 years, tradenames is approximately 7.0 years, non-compete agreements is approximately 2.2 years, and other amortizable intangible assets is approximately 2.2 years. The estimated future amortization expense related to amortized intangible assets held at December 31, 2017 is as follows:
(in thousands) |  |  |  |
Year ending December 31, |  |  |  |
2018 |  | $ | 11,013 |
2019 |  |  | 9,945 |
2020 |  |  | 8,444 |
2021 |  |  | 7,447 |
2022 |  |  | 5,895 |
Thereafter |  |  | 19,577 |
Total |  | $ | 62,321 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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