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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill / Tradename

(table only in thousands)

 

Nine months ended September 30, 2020

 

 

Year ended December 31, 2019

 

Goodwill / Tradename

 

Goodwill

 

 

Tradename

 

 

Goodwill

 

 

Tradename

 

Beginning balance

 

$

152,020

 

 

$

14,291

 

 

$

152,156

 

 

$

18,258

 

Transfers to finite life classification

 

 

 

 

 

(700

)

 

 

 

 

 

(3,904

)

Acquisitions

 

 

9,017

 

 

 

 

 

 

 

 

 

 

Foreign currency translation

 

 

315

 

 

 

103

 

 

 

(136

)

 

 

(63

)

 

 

$

161,352

 

 

$

13,694

 

 

$

152,020

 

 

$

14,291

 

 

Intangible Assets - Finite Life

(table only in thousands)

 

As of September 30, 2020

 

 

As of December 31, 2019

 

Intangible assets – finite life

 

Cost

 

 

Accum. Amort.

 

 

Cost

 

 

Accum. Amort.

 

Technology

 

$

14,457

 

 

$

12,425

 

 

$

14,457

 

 

$

10,686

 

Customer lists

 

 

73,199

 

 

 

47,754

 

 

 

68,943

 

 

 

44,484

 

Tradename

 

 

6,578

 

 

 

1,582

 

 

 

5,294

 

 

 

1,154

 

Foreign currency adjustments

 

 

(2,388

)

 

 

(1,392

)

 

 

(1,869

)

 

 

(782

)

 

 

$

91,846

 

 

$

60,369

 

 

$

86,825

 

 

$

55,542

 

 

Summary of Finite Lived Intangible Assets Activities

Activity for the nine-months ended September 30, 2020 and 2019 is as follows:

 

(table only in thousands)

 

2020

 

 

2019

 

Intangible assets – finite life, net at beginning of period

 

$

31,283

 

 

$

35,959

 

Amortization expense

 

 

(5,448

)

 

 

(6,479

)

Transfers from indefinite life classification

 

 

700

 

 

 

3,904

 

Acquisition

 

 

4,840

 

 

 

 

Foreign currency adjustments

 

 

102

 

 

 

(132

)

Intangible assets – finite life, net at end of period

 

$

31,477

 

 

$

33,252