Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

6. Goodwill and Intangible Assets

(Table only in thousands)	For the Six Months Ended June 30, 2018						Year ended December 31, 2017
Goodwill / Tradename	Goodwill			Tradename			Goodwill			Tradename
Beginning balance	$	166,951		$	19,691		$	170,153		$	22,042
Divestitures		(14,317	)		(1,340	)		—			—
Impairment		—			—			(4,443	)		(2,725	)
Foreign currency translation		(263	)		(51	)		1,241			374
	$	152,371		$	18,300		$	166,951		$	19,691

	As of  June 30, 2018						As of December 31, 2017
(Table only in thousands) Intangible assets – finite life	Cost			Accum. Amort.			Cost			Accum. Amort.
Technology	$	14,457		$	8,553		$	15,867		$	8,609
Customer lists		72,978			36,328			77,497			35,024
Noncompetition agreements		1,118			809			1,118			698
Tradename		1,390			510			1,390			440
Foreign currency adjustments		(1,583	)		(284	)		(1,214	)		(69	)
	$	88,360		$	45,916		$	94,658		$	44,702

Activity for the six months ended June 30, 2018 and 2017 is as follows:

(Table only in thousands)	2018			2017
Intangible assets – finite life, net at beginning of period	$	49,956		$	60,728
Amortization expense		(4,988	)		(5,772	)
Divestitures		(2,372	)		—
Foreign currency adjustments		(152	)		493
Intangible assets – finite life, net at end of period	$	42,444		$	55,449

Amortization expense of finite life intangible assets was $2.4 million and $2.9 million for the three-month periods ended June 30, 2018 and 2017, respectively, and $5.0 million and $5.8 million for the six-month periods ended June 30, 2018 and 2017, respectively.  Amortization over the next five years for finite life intangibles is expected to be $4.8 million for the remainder of 2018, $8.6 million in 2019, $6.9 million in 2020, $5.7 million in 2021, and $4.7 million in 2022.

The Company did not identify any triggering events during the three-month period ended June 30, 2018 that would require an interim impairment assessment of goodwill or indefinite life intangible assets. The Company concluded there was no impairment of goodwill or indefinite life intangible assets during the three-month and six-month periods ended June 30, 2018.