Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Note 9. 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, 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
Foreign currency translation adjustments		—		(2,219	)		(6,929	)		(9,148	)
Purchase price allocation adjustments		—		—			(73	)		(73	)
Balance at December 31, 2018	$	148,277	$	36,621		$	76,432		$	261,330

The following table summarizes goodwill by reporting unit and segment:

	December 31,
(in thousands)	2018		2017
GES:
U.S.	$	148,277	$	148,277
International:
GES EMEA		29,954		31,612
GES Canada		6,667		7,228
Total GES		184,898		187,117
Pursuit:
Banff Jasper Collection		32,009		35,305
Alaska Collection		3,184		3,184
Glacier Park Collection		1,268		1,268
FlyOver		39,971		43,677
Total Pursuit		76,432		83,434
Total Goodwill	$	261,330	$	270,551

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, the Glacier Park Collection, and FlyOver).

As a result of our most recent impairment analysis performed as of October 31, 2018, 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 148%, GES EMEA was 243%, GES Canada was 282%, the Banff Jasper Collection was 141%, the Alaska Collection was 52%, the Glacier Park Collection was 20%, and FlyOver was 51%.

Our accumulated goodwill impairment as of both December 31, 2018 and 2017 was $229.7 million.

Other intangible assets consisted of the following:

		December 31, 2018							December 31, 2017
(in thousands)	Useful Life (Years)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets:
Customer contracts and relationships	7.6	$	67,729	$	(31,201	)	$	36,528	$	68,798	$	(23,696	)	$	45,102
Operating contracts and licenses	25.5		9,180		(1,376	)		7,804		9,951		(1,094	)		8,857
Tradenames	6.2		7,705		(3,109	)		4,596		8,633		(2,873	)		5,760
Non-compete agreements	1.6		5,174		(4,080	)		1,094		5,363		(3,007	)		2,356
Other	8.0		1,365		(553	)		812		896		(650	)		246
Total amortized intangible assets			91,153		(40,319	)		50,834		93,641		(31,320	)		62,321
Indefinite-lived intangible assets:
Business licenses			460		—			460		460		—			460
Other intangible assets		$	91,613	$	(40,319	)	$	51,294	$	94,101	$	(31,320	)	$	62,781

Intangible asset amortization expense was $11.0 million during 2018, $12.4 million during 2017, and $9.2 million during 2016.

The estimated future amortization expense related to intangible assets subject to amortization held at December 31, 2018 is as follows:

(in thousands)
Year ending December 31,
2019	$	9,865
2020		8,374
2021		7,391
2022		5,878
2023		4,701
Thereafter		14,625
Total	$	50,834