Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 4 – Goodwill and Intangible Assets

The table below sets forth the changes in goodwill:

Balance at December 31, 2019	$	141,318
Savitech acquisition (see Note 13 for additional information)		10,755
Foreign currency translation adjustment		(2,407	)
Balance at March 31, 2020	$	149,666

The table below sets forth the value of intangible assets, other than goodwill:

	March 31,			December 31,
	2020			2019
Intangible assets subject to amortization:
Gross carrying amount	$	248,897		$	239,975
Accumulated amortization		(128,672	)		(124,452	)
Foreign currency translation adjustment		(8,247	)		(9,842	)
Total		111,978			105,681
Intangible assets with indefinite lives:
Gross carrying amount		10,412			14,883
Foreign currency translation adjustment		(1,172	)		(1,041	)
Total		9,240			13,842
Total intangible assets, net	$	121,218		$	119,523

The table below sets forth amortization expense related to intangible assets subject to amortization:

Amortization expense	2020		2019
Three months ended March 31	$	4,221	$	4,484