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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
 
Goodwill represents the excess purchase price over the fair value of net assets acquired, or net liabilities assumed, in a business combination. In accordance with ASC Topic 350, Intangibles – Goodwill and Other, the Company performs an annual impairment review in the fourth quarter and more frequently if events or changes in circumstances indicate that goodwill might be impaired. There was no indication that goodwill became impaired as of September 30, 2019.

Other intangible assets include customer relationships, non-compete arrangements, trade names, customer backlog, and developed software, which are being amortized over the assets’ estimated useful lives using the straight-line method. Estimated useful lives range from less than one year to ten years. Amortization of customer relationships, non-compete arrangements, trade names, customer backlog, and developed software is considered an operating expense and is included in “Amortization” in the accompanying Unaudited Condensed Consolidated Statements of Operations. The Company periodically reviews the estimated useful lives of its identifiable intangible assets, taking into consideration any events or circumstances that might result in a lack of recoverability or revised useful life.

Goodwill
 
The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 are as follows (in thousands):
 
Balance at December 31, 2018
$
327,992

Purchase price allocation for acquisitions
7,654

Effect of foreign currency translation adjustments
(58
)
Balance at September 30, 2019
$
335,588



Intangible Assets with Definite Lives
 
The following table presents a summary of the Company’s intangible assets that are subject to amortization (in thousands):
 
 
September 30, 2019
 
December 31, 2018
 
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Carrying
Amounts
 
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Carrying
Amounts
Customer relationships
$
82,431

 
$
(46,547
)
 
$
35,884

 
$
82,478

 
$
(40,946
)
 
$
41,532

Non-compete agreements
1,352

 
(619
)
 
733

 
1,536

 
(735
)
 
801

Customer backlog
1,271

 
(890
)
 
381

 
1,535

 
(736
)
 
799

Trade name
90

 
(49
)
 
41

 
140

 
(76
)
 
64

Developed software
10,676

 
(6,061
)
 
4,615

 
10,929

 
(6,033
)
 
4,896

Total
$
95,820

 
$
(54,166
)
 
$
41,654

 
$
96,618

 
$
(48,526
)
 
$
48,092


 
The estimated useful lives of identifiable intangible assets are as follows:
 
Customer relationships
5 - 10 years
Non-compete agreements
3 - 5 years
Customer backlog
9 months - 1.5 years
Trade name
1 year
Developed software
1 - 7 years

 
Estimated annual amortization expense for the next five years ended December 31 and thereafter is as follows: (in thousands):
2019 remaining
$
4,004

2020
$
12,567

2021
$
10,151

2022
$
8,631

2023
$
4,210

Thereafter
$
2,091