Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 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 14 for additional information)		12,702
Foreign currency translation adjustment		(1,880	)
Balance at June 30, 2020	$	152,140

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

	June 30,			December 31,
	2020			2019
Intangible assets subject to amortization:
Gross carrying amount	$	249,647		$	239,975
Accumulated amortization		(132,693	)		(124,452	)
Foreign currency translation adjustment		(8,110	)		(9,842	)
Total		108,844			105,681
Intangible assets with indefinite lives:
Gross carrying amount		10,412			14,883
Foreign currency translation adjustment		(1,180	)		(1,041	)
Total		9,232			13,842
Total intangible assets, net	$	118,076		$	119,523

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

Amortization expense	2020		2019
Three months ended June 30,	$	4,021	$	4,536
Six months ended June 30,	$	8,242	$	9,020