Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.21.1
Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

12.

Goodwill and Other Intangible Assets

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

 

 

 

U.S.

Operating

Segment

 

 

International

Operating

Segment

 

 

Total

 

Balance at January 1, 2021 (1)

 

$

1,182,853

 

 

$

70,987

 

 

$

1,253,840

 

Foreign currency translation adjustments

 

 

 

 

 

(4,645

)

 

 

(4,645

)

Balance at March 31, 2021 (1)

 

$

1,182,853

 

 

$

66,342

 

 

$

1,249,195

 

 

 

(1)

Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $43,750 for the international operating segment.  See discussion of the qualitative impairment analysis performed by the Company as of March 31, 2021 at Note 13.  

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

 

 

 

Balance at

January 1, 2021

 

Amortization

 

Other (1)

 

Balance at March 31, 2021

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

82,432

 

$

 

$

(297

)

$

82,135

 

Accumulated amortization

 

 

(68,416

)

 

(655

)

 

 

 

(69,071

)

Total net intangible assets with finite lives

 

$

14,016

 

$

(655

)

$

(297

)

$

13,064

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300,179

 

 

 

 

(158

)

 

300,021

 

Total intangible assets, net

 

$

314,195

 

$

(655

)

$

(455

)

$

313,085

 

 

 

(1)

Amount represents foreign currency translation adjustments.

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

 

For the nine months ended December 31, 2021

 

$

1,972

 

For the twelve months ended December 31, 2022

 

 

2,487

 

For the twelve months ended December 31, 2023

 

 

2,399

 

For the twelve months ended December 31, 2024

 

 

2,399

 

For the twelve months ended December 31, 2025

 

 

2,292

 

Thereafter

 

 

1,515

 

Total

 

$

13,064