XML 63 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets, Net
Goodwill and intangible assets, net are as follows:
 
December 31,
 
2019
 
2018
 
(In thousands)
Goodwill
$
883,960

 
$
894,709

Intangible assets with indefinite lives
171,599

 
171,486

Intangible assets with definite lives, net of accumulated amortization
80,126

 
132,809

Total goodwill and intangible assets, net
$
1,135,685

 
$
1,199,004


Schedule of Goodwill by Reporting Unit
The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2019:
 
Balance at
December 31,
2018
 
Additions
 
(Deductions)
 
Foreign
Exchange
Translation
 
Balance at December 31,
2019
 
(In thousands)
North America
$
824,037

 
$
18,326

 
$
(29,266
)
 
$
320

 
$
813,417

Europe
70,672

 

 

 
(129
)
 
70,543

Total goodwill
$
894,709

 
$
18,326

 
$
(29,266
)
 
$
191

 
$
883,960

Additions relate to the acquisition of Fixd Repair (included in the North America segment). Deductions primarily relate to tax benefits of acquired attributes related to the acquisition of Handy (included in the North America segment).
The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2018:
 
Balance at
December 31,
2017
 
Additions
 
(Deductions)
 
Foreign
Exchange
Translation
 
Balance at
December 31,
2018
 
(In thousands)
North America
$
696,291

 
$
142,768

 
$
(14,373
)
 
$
(649
)
 
$
824,037

Europe
73,935

 

 

 
(3,263
)
 
70,672

Total goodwill
$
770,226

 
$
142,768

 
$
(14,373
)
 
$
(3,912
)
 
$
894,709

Schedule of Intangible Assets with Definite Lives
Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2019 and 2018, intangible assets with definite lives are as follows:
 
December 31, 2019
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Weighted-Average
Useful Life
(Years)
 
(Dollars in thousands)
Service professional relationships
$
99,651

 
$
(76,445
)
 
$
23,206

 
2.9
Technology
89,095

 
(37,721
)
 
51,374

 
5.3
Memberships
15,900

 
(11,940
)
 
3,960

 
3.0
Customer lists and user base
14,298

 
(13,590
)
 
708

 
1.4
Trade names
2,390

 
(1,512
)
 
878

 
6.8
Total
$
221,334

 
$
(141,208
)
 
$
80,126

 
3.8
 
December 31, 2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Weighted-Average
Useful Life
(Years)
 
(Dollars in thousands)
Service professional relationships
$
99,528

 
$
(44,674
)
 
$
54,854

 
2.9
Technology
88,049

 
(22,078
)
 
65,971

 
5.4
Memberships
15,900

 
(6,640
)
 
9,260

 
3.0
Customer lists and user base
13,496

 
(10,772
)
 
2,724

 
1.0
Trade names
1,425

 
(1,425
)
 

 
5.0
Total
$
218,398

 
$
(85,589
)
 
$
132,809

 
3.8

Schedule of Expected Amortization of Intangible Assets
At December 31, 2019, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows:
Years Ending December 31,
 
(In thousands)
2020
 
$
42,298

2021
 
14,951

2022
 
13,964

2023
 
8,148

2024
 
190

Thereafter
 
575

Total
 
$
80,126