Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.20.1
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

The Company’s goodwill was as follows:

 

 

 

U.S.

Operating

Segment

 

 

International

Operating

Segment

 

 

Total

 

Balance at January 1, 2020 (1)

 

$

1,182,853

 

 

$

100,518

 

 

$

1,283,371

 

Foreign currency translation adjustments

 

 

 

 

 

(14,812

)

 

 

(14,812

)

Balance at March 31, 2020 (1)

 

$

1,182,853

 

 

$

85,706

 

 

$

1,268,559

 

 

 

(1)

Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

Intangible Assets

Intangible assets consisted of the following:

 

 

 

Balance at

January 1, 2020

 

Amortization

 

Other (1)

 

Balance at March 31, 2020

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

85,007

 

$

 

$

(1,798

)

$

83,209

 

Accumulated amortization

 

 

(63,924

)

 

(1,241

)

 

 

 

(65,165

)

Total net intangible assets with finite lives

 

$

21,083

 

$

(1,241

)

$

(1,798

)

$

18,044

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300,686

 

 

 

 

(73

)

 

300,613

 

Total intangible assets — net

 

$

321,769

 

$

(1,241

)

$

(1,871

)

$

318,657

 

 

(1)

Amount primarily represents foreign currency translation adjustments.

Estimated Aggregate Future Amortization Expense for Intangible Assets

Estimated aggregate future amortization expense for intangible assets is as follows:

 

For the nine months ended December 31, 2020

 

$

3,655

 

For the twelve months ended December 31, 2021

 

 

2,801

 

For the twelve months ended December 31, 2022

 

 

2,648

 

For the twelve months ended December 31, 2023

 

 

2,550

 

For the twelve months ended December 31, 2024

 

 

2,550

 

Thereafter

 

 

3,840

 

Total

 

$

18,044