Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

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 North America			GES EMEA			Pursuit			Total
Balance at December 31, 2017	$	155,505		$	31,612		$	83,434		$	270,551
Foreign currency translation adjustments		(561	)		(1,658	)		(6,929	)		(9,148	)
Purchase price allocation adjustments		—			—			(73	)		(73	)
Balance at December 31, 2018		154,944			29,954			76,432			261,330
Business acquisitions		—			—			20,684			20,684
Foreign currency translation adjustments		332			875			4,762			5,969
Balance at December 31, 2019	$	155,276		$	30,829		$	101,878		$	287,983

The following table summarizes goodwill by reporting unit and segment:

	December 31,
(in thousands)	2019		2018
GES:
GES North America:
U.S.	$	148,277	$	148,277
Canada		6,999		6,667
GES EMEA		30,829		29,954
Total GES		186,105		184,898
Pursuit:
Banff Jasper Collection		55,524		32,009
Alaska Collection		3,184		3,184
Glacier Park Collection		1,758		1,268
FlyOver		41,412		39,971
Total Pursuit		101,878		76,432
Total Goodwill	$	287,983	$	261,330

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 North America’s goodwill is assigned to, and tested at, the operating segment level (GES U.S. and GES Canada, collectively “GES North America”). GES EMEA’s goodwill is assigned to and tested at the operating segment level. Pursuit’s goodwill impairment testing is performed at the reporting unit level (Banff Jasper Collection, the Alaska Collection, the Glacier Park Collection, and FlyOver).

Our accumulated goodwill impairment as of both December 31, 2019 and 2018 was $229.7 million.

Other intangible assets consisted of the following:

		December 31, 2019							December 31, 2018
(in thousands)	Useful Life (Years)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Intangible assets subject to amortization:
Customer contracts and relationships	7.8	$	72,219	$	(40,866	)	$	31,353	$	67,729	$	(31,201	)	$	36,528
Operating contracts and licenses	37.7		43,329		(1,881	)		41,448		9,180		(1,376	)		7,804
In-place lease	13.1		15,044		(231	)		14,813		—		—			—
Tradenames	6.6		9,423		(4,338	)		5,085		7,705		(3,109	)		4,596
Non-compete agreements	2.0		2,077		(1,775	)		302		5,174		(4,080	)		1,094
Other	8.2		802		(66	)		736		1,365		(553	)		812
Total amortized intangible assets			142,894		(49,157	)		93,737		91,153		(40,319	)		50,834
Indefinite-lived intangible assets:
Business licenses			571		—			571		460		—			460
Other intangible assets		$	143,465	$	(49,157	)	$	94,308	$	91,613	$	(40,319	)	$	51,294

Intangible asset amortization expense was $10.6 million during 2019, $11.0 million during 2018, and $12.4 million during 2017. We recorded an impairment charge to intangible assets of $1.5 million during the fourth quarter of 2019 related to our audio-visual production business in the United Kingdom.

At December 31, 2019, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

(in thousands)
Year ending December 31,
2020	$	9,151
2021		8,151
2022		7,491
2023		6,564
2024		5,340
Thereafter		57,040
Total	$	93,737