XML 48 R32.htm IDEA: XBRL DOCUMENT v3.20.4
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill By Reportable Segment
Goodwill by reportable segment was as follows:
North AmericaEuropeRussiaTotal
Balance as of January 1, 2019$103,542 $63,290 $ $166,832 
test IO acquisition (Note 2)
3,301 8,849 — 12,150 
Other 2019 Acquisitions (Note 2)6,503 9,546 738 16,787 
Think purchase accounting adjustments— (2,043)— (2,043)
Effect of net foreign currency exchange rate changes80 1,231 1,317 
Balance as of December 31, 2019113,426 80,873 744 195,043 
test IO purchase accounting adjustment863 (1,089)— (226)
Other 2019 acquisitions purchase accounting adjustments219 259 21 499 
2020 Acquisitions (Note 2)6,042 6,903 — 12,945 
Effect of net foreign currency exchange rate changes582 3,160 (47)3,695 
Balance as of December 31, 2020$121,132 $90,106 $718 $211,956 
Components of Intangible Assets
Intangible assets other than goodwill as of December 31, 2020 and 2019 were as follows:
As of December 31, 2020
Weighted average life at acquisition (in years)Gross carrying amountAccumulated amortizationNet 
carrying amount
Customer relationships9$94,169 $(49,415)$44,754 
Software 66,309 (1,633)4,676 
Trade names56,495 (5,273)1,222 
Contract royalties81,900 (673)1,227 
Assembled workforce3157 (61)96 
Total
$109,030 $(57,055)$51,975 

As of December 31, 2019
Weighted average life at acquisition (in years)Gross carrying amountAccumulated amortizationNet 
carrying amount
Customer relationships9$87,489 $(38,526)$48,963 
Software64,472 (486)3,986 
Trade names56,439 (4,753)1,686 
Contract royalties81,900 (435)1,465 
Assembled workforce3158 — 158 
Total
$100,458 $(44,200)$56,258 
Intangible Assets Amortization Expense Recognized
The following table presents amortization expense recognized for the periods indicated:
For the Years Ended December 31,
202020192018
Customer relationships$10,478 $8,743 $7,637 
Software 1,068 486 — 
Trade names495 447 266 
Contract royalties238 238 198 
Assembled workforce61 — — 
Favorable lease— — 410 
Total
$12,340 $9,914 $8,511 
Estimated Amortization Expense
Based on the carrying value of the Company’s existing intangible assets as of December 31, 2020, the estimated amortization expense for the future years is as follows:
Year ending December 31,Amount
2021$12,585 
202212,426 
202311,115 
20248,586 
20255,543 
Thereafter1,720 
Total
$51,975