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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

Note 5. Goodwill and Other Intangible Assets

 

Goodwill and Indefinite-Lived Intangible Assets. The changes in the carrying amount of goodwill and indefinite-lived intangible assets are as follows (in thousands):

 

 

 

December 31, 2016

 

 

Additions

 

 

December 31, 2017

 

 

Additions

 

 

December 31, 2018

 

Goodwill

 

$

788,107

 

 

$

 

 

$

788,107

 

 

$

96,342

 

 

$

884,449

 

Cars.com Trade name

 

 

872,320

 

 

 

 

 

 

872,320

 

 

 

 

 

 

872,320

 

 


Intangible Assets. Our definite-lived intangible assets by major asset class are as follows (in thousands):

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer relationships

 

$

832,540

 

 

$

(273,799

)

 

$

558,741

 

 

$

814,240

 

 

$

(205,190

)

 

$

609,050

 

Acquired software

 

 

111,200

 

 

 

(53,002

)

 

 

58,198

 

 

 

71,700

 

 

 

(33,826

)

 

 

37,874

 

Other trade names

 

 

23,900

 

 

 

(3,178

)

 

 

20,722

 

 

 

9,800

 

 

 

(1,157

)

 

 

8,643

 

Non-compete agreements

 

 

2,860

 

 

 

(2,431

)

 

 

429

 

 

 

2,860

 

 

 

(1,859

)

 

 

1,001

 

Content library

 

 

2,100

 

 

 

(2,100

)

 

 

 

 

 

2,100

 

 

 

(1,488

)

 

 

612

 

Total

 

$

972,600

 

 

$

(334,510

)

 

$

638,090

 

 

$

900,700

 

 

$

(243,520

)

 

$

657,180

 

 

Amortization for the years ended December 31, 2018, 2017 and 2016 is $91.0 million, $77.9 million and $74.8 million, respectively. Projected annual amortization expense for amortizable intangible assets is as follows (in thousands):

 

2019

 

$

92,786

 

2020

 

 

94,756

 

2021

 

 

90,395

 

2022

 

 

71,694

 

2023

 

 

69,828

 

Thereafter

 

 

218,631

 

Total

 

$

638,090