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Goodwill and Identifiable Intangible Assets
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets Goodwill and Identifiable Intangible Assets
In accordance with authoritative guidance, goodwill is tested for impairment at the reporting unit level annually and in interim periods if certain events occur that indicate that the fair value of a reporting unit may be below its carrying value. Determining the number of reporting units and the fair value of a reporting unit requires the Company to make judgments and involves the use of significant estimates and assumptions.
The annual goodwill testing date for the reporting units that are included in the portfolio purchasing and recovery reportable segment is October 1st. There have been no events or circumstances during the six months ended June 30, 2019 that have required the Company to perform an interim assessment of goodwill carried at these reporting units. Management continues to evaluate and monitor all key factors impacting the carrying value of the Company’s recorded goodwill and long-lived assets. Adverse changes in the Company’s actual or expected operating results, market capitalization, business climate, economic factors or other negative events that may be outside the control of management could result in a material non-cash impairment charge in the future.
The Company’s goodwill is attributable to reporting units included in its portfolio purchasing and recovery segment. The following table summarizes the activity in the Company’s goodwill balance (in thousands):
 
Total
Balance, December 31, 2018
$
868,126

Effect of foreign currency translation
14,758

Balance, March 31, 2019
882,884

Effect of foreign currency translation
(17,357
)
Balance, June 30, 2019
$
865,527


The Company’s acquired intangible assets are summarized as follows (in thousands):
 
As of June 30, 2019
 
As of December 31, 2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
$
65,658

 
$
(12,902
)
 
$
52,756

 
$
73,458

 
$
(17,025
)
 
$
56,433

Developed technologies
6,728

 
(5,929
)
 
799

 
7,461

 
(6,446
)
 
1,015

Trade name and other
7,855

 
(4,969
)
 
2,886

 
8,346

 
(5,213
)
 
3,133

Total intangible assets
$
80,241

 
$
(23,800
)
 
$
56,441

 
$
89,265

 
$
(28,684
)
 
$
60,581