Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Indefinite-Lived Intangible Assets

The following table summarizes information related to indefinite-lived intangible assets at December 31:

	December 31,
(In Thousands)	2018		2017
Trade Name	$	53,000	$	53,000
Goodwill	733,170		622,948
Indefinite-lived Intangible Assets	$	786,170	$	675,948

The following table provides information related to the carrying amount of goodwill by operating segment:

(In Thousands)	Progressive Leasing		Aaron’s Business			Total
Balance at January 1, 2017	$	288,801	$	237,922		$	526,723
Acquisitions	—		97,460			97,460
Disposals, Currency Translation and Other Adjustments	—		(1,271		)	(1,271		)
Acquisition Accounting Adjustments	—		36			36
Balance at December 31, 2017	288,801		334,147			622,948
Acquisitions	—		110,469			110,469
Disposals, Currency Translation and Other Adjustments	—		(260		)	(260		)
Acquisition Accounting Adjustments	—		13			13
Balance at December 31, 2018	$	288,801	$	444,369		$	733,170

Definite-Lived Intangible Assets

The following table summarizes information related to definite-lived intangible assets at December 31:

	2018							2017
(In Thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Acquired Internal Use Software	$	14,000	$	(14,000	)	$	—	$	14,000	$	(14,000	)	$	—
Technology	68,550		(32,749		)	35,801		68,550		(25,639		)	42,911
Merchant Relationships	181,000		(71,101		)	109,899		181,000		(56,018		)	124,982
Other Intangibles1	42,165		(12,265		)	29,900		19,558		(4,900		)	14,658
Total	$	305,715	$	(130,115	)	$	175,600	$	283,108	$	(100,557	)	$	182,551

¹ Other intangibles primarily include favorable operating leases, customer relationships, customer lease contracts, non-compete agreements, reacquired franchise rights and the expanded customer base intangible asset.

Total amortization expense of definite-lived intangible assets, which includes rent expense on favorable operating leases, included in operating expenses in the accompanying consolidated statements of earnings, was $33.0 million, $27.7 million and $28.8 million during the years ended December 31,2018, 2017 and 2016, respectively. As of December 31, 2018, estimated future amortization expense for the next five years related to definite-lived intangible assets is as follows:

(In Thousands)
2019	$	35,612
2020	28,537
2021	26,198
2022	23,123
2023	22,803