Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

v3.21.2
Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 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

 

 

 

 

 

1,310

 

 

 

1,310

 

Balance at June 30, 2021 (1)

 

$

1,182,853

 

 

$

72,297

 

 

$

1,255,150

 

 

 

(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 June 30, 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 June 30, 2021

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

82,432

 

$

 

$

117

 

$

82,549

 

Accumulated amortization

 

 

(68,416

)

 

(1,326

)

 

 

 

(69,742

)

Total net intangible assets with finite lives

 

$

14,016

 

$

(1,326

)

$

117

 

$

12,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300,179

 

 

 

 

 

 

300,179

 

Total intangible assets, net

 

$

314,195

 

$

(1,326

)

$

117

 

$

312,986

 

 

 

(1)

Amount represents foreign currency translation adjustments.

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

 

For the six months ended December 31, 2021

 

$

1,377

 

For the twelve months ended December 31, 2022

 

 

2,581

 

For the twelve months ended December 31, 2023

 

 

2,485

 

For the twelve months ended December 31, 2024

 

 

2,485

 

For the twelve months ended December 31, 2025

 

 

2,363

 

Thereafter

 

 

1,516

 

Total

 

$

12,807