XML 27 R14.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of changes in the Company’s goodwill by reportable business segment is as follows (in thousands):


	December 31, 2020		Acquisitions		Acquisition Accounting Adjustments		Foreign Currency		March 31, 2021
Segment
North America	$	3,400,772	$	34,188	$	(581)	$	1,975	$	3,436,354
Brazil	585,861		—		—		(53,900)		531,961
International	732,548		—		(1,294)		(6,100)		725,154
	$	4,719,181	$	34,188	$	(1,875)	$	(58,025)	$	4,693,469

As of March 31, 2021 and December 31, 2020, other intangibles consisted of the following (in thousands):


		March 31, 2021						December 31, 2020
	Weighted- Avg Useful Lives (Years)	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount
Customer and vendor relationships	16.8	$	2,564,502	$	(1,034,876)	$	1,529,626	$	2,671,104	$	(1,105,702)	$	1,565,402
Trade names and trademarks—indefinite lived	N/A	445,888		—		445,888		475,376		—		475,376
Trade names and trademarks—other	11.4	6,757		(3,239)		3,518		7,041		(3,431)		3,610
Software	6.0	241,835		(184,480)		57,355		248,686		(194,187)		54,499
Non-compete agreements	4.2	55,307		(40,775)		14,532		65,804		(48,809)		16,995
Total other intangibles		$	3,314,289	$	(1,263,370)	$	2,050,919	$	3,468,011	$	(1,352,129)	$	2,115,882

Changes in foreign exchange rates resulted in a $26.6 million decrease to the net carrying values of other intangibles in the three months ended March 31, 2021. Amortization expense related to intangible assets for the three months ended March 31, 2021 and 2020 was $47.3 million and $47.6 million, respectively.