Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.10.0.1
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
4. Goodwill and Intangible Assets

 

Goodwill and tradenames are not subject to amortization. As of December 31, 2018 and 2017, the carrying values were $1.4 billion for goodwill and $0.8 billion for tradenames. 

 

The gross carrying amounts of intangible assets included within other long-term assets, the related accumulated amortization, the net carrying amounts and the weighted-average amortization periods of the Company’s intangible assets are listed in the following tables (in thousands, except amortization period):

 

    December 31, 2018  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
Period (in years)
 
Customer relationship   $ 120,000     $ (91,756 )   $ 28,244       6.0  
Licenses     3,368       (2,874 )     494       5.6  
Total intangible assets subject to amortization   $ 123,368     $ (94,630 )   $ 28,738          

  

    December 31, 2017  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
Period (in years)
 
Customer relationship   $ 120,000     $ (66,866 )   $ 53,134       6.0  
Licenses     3,368       (1,601 )     1,767       5.6  
Non-compete agreements     660       (660 )           1.0  
Total intangible assets subject to amortization   $ 124,028     $ (69,127 )   $ 54,901          

  

The aggregate amortization expense is as follows (in thousands):

 

    Year Ended December 31,  
    2018     2017     2016  
Amortization expense   $ 26,163     $ 31,232     $ 22,160  

 

The following table sets forth the Company’s estimated aggregate amortization expense for each of the five years below (in thousands): 

 

Year Ended December 31,   Amortization
Expense
 
2019   $ 18,489  
2020   $ 9,906  
2021   $ 75  
2022   $ 75  
2023   $ 75