GOODWILL AND INTANGIBLE ASSETS

Goodwill

As of

June

30,

2019,

the carrying value of goodwill relating to business acquisitions is

$226,505.

The carrying value of goodwill is allocated to reporting units is as follows:

Reporting Units	Amount
Aegis		162,168
StarTek		64,337
Ending balance, June 30, 2019	$	226,505

We perform a goodwill impairment analysis at least annually (in the

fourth

quarter of each year) unless indicators of impairment exist in interim periods. The assumptions used in the analysis are based on the Company’s internal budget. The Company projected revenue, operating margins and cash flows for a period of

five

years, and applied a perpetual long-term growth rate thereafter. These assumptions are reviewed annually as part of management’s budgeting and strategic planning cycles. These estimates

may

differ from actual results. The values assigned to each of the key assumptions reflect the management’s past experience as their assessment of future trends, and are consistent with external/internal sources of information.

As of

June

30,

2019,

based on the qualitative assessment, we concluded that goodwill was

not

impaired.

The following table presents the changes in goodwill during the period:

	Amount
Opening balance, December 31, 2018	$	225,450
Measurement period adjustments		1,055
Ending balance, June 30, 2019	$	226,505

Intangible Assets

The following table presents our intangible assets as of

June

30,

2019:

	Gross Intangibles		Accumulated Amortization		Net Intangibles		Weighted Average Amortization Period (years)
Customer relationships	$	65,050	$	7,796	$	57,254		6.5
Brand		49,500		5,885		43,615		7.1
Trademarks		14,410		910		13,500		7.5
Other intangibles		2,100		443		1,657		4.9
	$	131,060	$	15,034	$	116,026

Expected future amortization of intangible assets as of

June

30,

2019

is as follows:

Years Ending December 31,	Amount
Remainder of 2019	$	5,084
2020		10,277
2021		10,277
2022		10,277
2023		10,236
Thereafter		69,875