Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.20.2
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

A summary of the Company’s goodwill is as follows:

 

 

 

U.S.

Operating

Segment

 

 

International

Operating

Segment

 

 

Total

 

Balance at January 1, 2020 (1)

 

$

1,182,853

 

 

$

100,518

 

 

$

1,283,371

 

Impairment

 

 

 

 

 

(16,128

)

 

 

(16,128

)

Foreign currency translation adjustments

 

 

 

 

 

(17,816

)

 

 

(17,816

)

Balance at September 30, 2020

 

$

1,182,853

 

 

$

66,574

 

 

$

1,249,427

 

 

 

(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.

 

(2)

See Note 13 for discussion of impairment evaluations performed during the nine months ended September 30, 2020.

Intangible Assets

A summary of the Company’s intangible assets is as follows:

 

 

Balance at

January 1, 2020

 

Amortization

 

Other (1)

 

Balance at September 30, 2020

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

85,007

 

$

 

$

(2,018

)

$

82,989

 

Accumulated amortization

 

 

(63,924

)

 

(3,569

)

 

 

 

(67,493

)

Total net intangible assets with finite lives

 

$

21,083

 

$

(3,569

)

$

(2,018

)

$

15,496

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300,686

 

 

 

 

(613

)

 

300,073

 

Total intangible assets — net

 

$

321,769

 

$

(3,569

)

$

(2,631

)

$

315,569

 

 

(1)

Amount primarily represents foreign currency translation adjustments.

Estimated Aggregate Future Amortization Expense for Intangible Assets

The estimated aggregate future amortization expense for intangible assets is as follows:

 

For the three months ended December 31, 2020

 

$

1,373

 

For the twelve months ended December 31, 2021

 

 

2,765

 

For the twelve months ended December 31, 2022

 

 

2,612

 

For the twelve months ended December 31, 2023

 

 

2,514

 

For the twelve months ended December 31, 2024

 

 

2,514

 

Thereafter

 

 

3,718

 

Total

 

$

15,496