| Goodwill and Intangible Assets |
5. Goodwill and Intangible Assets
The changes in the carrying amount of goodwill are noted in the following table (in thousands):
|
Goodwill, balance as of December 31, 2015 |
$ |
299,355 |
|
|
Purchase accounting adjustments |
|
(1,858 |
) |
|
Currency translation adjustments |
|
977 |
|
|
Goodwill, balance as of June 30, 2016 |
$ |
298,474 |
|
The following table summarizes the intangible assets of the Company by major class of intangible assets and the cost, accumulated amortization, net carrying amount, and weighted average life, if applicable (in thousands):
|
|
June 30, 2016 |
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average |
|
|
|
|
|
|
|
|
|
|
|
|
|
Average |
|
|
Gross |
|
|
|
|
|
|
Net |
|
|
Useful |
|
Gross |
|
|
|
|
|
|
Net |
|
|
Useful |
|
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|
Life |
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
|
Life |
|
|
Amount |
|
|
Amortization |
|
|
Amount |
|
|
(years) |
|
Amount |
|
|
Amortization |
|
|
Amount |
|
|
(years) |
|
Intangible assets subject to amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships and other intangibles |
$ |
137,832 |
|
|
$ |
(56,839 |
) |
|
$ |
80,993 |
|
|
16 |
|
$ |
137,938 |
|
|
$ |
(51,357 |
) |
|
$ |
86,581 |
|
|
16 |
|
Non-compete agreements |
|
4,655 |
|
|
|
(4,260 |
) |
|
|
395 |
|
|
4 |
|
|
4,644 |
|
|
|
(4,260 |
) |
|
|
384 |
|
|
4 |
|
Trademarks |
|
13,740 |
|
|
|
(5,101 |
) |
|
|
8,639 |
|
|
14 |
|
|
13,688 |
|
|
|
(4,240 |
) |
|
|
9,448 |
|
|
14 |
|
Total |
$ |
156,227 |
|
|
$ |
(66,200 |
) |
|
$ |
90,027 |
|
|
|
|
$ |
156,270 |
|
|
$ |
(59,857 |
) |
|
$ |
96,413 |
|
|
|
The following table summarizes the amortization expense to be incurred in 2016 through 2020 on intangible assets (in thousands):
|
Year |
|
Amount |
|
|
2016 |
|
$ |
12,247 |
|
|
2017 |
|
|
10,810 |
|
|
2018 |
|
|
8,065 |
|
|
2019 |
|
|
6,947 |
|
|
2020 |
|
|
6,944 |
|
|