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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in the Carrying Amount of Goodwill and Indefinite-lived Intangible Asset

The changes in the carrying amount of goodwill and indefinite-lived intangible asset are as follows (in thousands):

 

 

 

Goodwill

 

 

Cars.com

Trade name

 

December 31, 2017

 

$

788,107

 

 

$

872,320

 

Additions

 

 

96,342

 

 

 

 

December 31, 2018

 

$

884,449

 

 

$

872,320

 

Impairment

 

 

(379,163

)

 

 

(82,300

)

Other

 

 

599

 

 

 

 

December 31, 2019

 

$

505,885

 

 

$

790,020

 

 

Definite-Lived Intangible Assets by Major Asset Class The Company’s definite-lived intangible assets by major asset class are as follows (in thousands):

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer relationships

 

$

832,540

 

 

$

(343,925

)

 

$

488,615

 

 

$

832,540

 

 

$

(273,799

)

 

$

558,741

 

Acquired software

 

 

111,200

 

 

 

(78,831

)

 

 

32,369

 

 

 

111,200

 

 

 

(53,002

)

 

 

58,198

 

Other trade names

 

 

23,900

 

 

 

(5,405

)

 

 

18,495

 

 

 

23,900

 

 

 

(3,178

)

 

 

20,722

 

Non-compete agreements

 

 

2,860

 

 

 

(2,860

)

 

 

 

 

 

2,860

 

 

 

(2,431

)

 

 

429

 

Content library

 

 

2,100

 

 

 

(2,100

)

 

 

 

 

 

2,100

 

 

 

(2,100

)

 

 

 

Total

 

$

972,600

 

 

$

(433,121

)

 

$

539,479

 

 

$

972,600

 

 

$

(334,510

)

 

$

638,090

 

 

Projected Annual Amortization Expense for Amortizable Intangible Assets Projected annual amortization expense for amortizable intangible assets is as follows (in thousands):

 

2020

 

$

94,333

 

2021

 

 

84,994

 

2022

 

 

71,694

 

2023

 

 

69,828

 

2024

 

 

67,222

 

Thereafter

 

 

151,408

 

Total

 

$

539,479