Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets:

Goodwill and other indefinite-lived intangible assets, including trade names are reviewed for impairment annually, or more frequently if indicators of impairment exist. We performed our annual impairment test as of the first days of the fourth quarter in 2019 and 2018, respectively, and concluded there was no impairment of the carrying value of goodwill or other indefinite-lived intangible assets in either period.

Changes in the carrying value of goodwill for the years ended December 31, 2019 and December 31, 2018 were:

(In thousands)	Goodwill
Balance as of December 31, 2017	$	183,830
Foreign currency exchange translation	(5,111		)
Balance as of December 31, 2018	178,719
Acquisition (see Note 3)	177,993
Foreign currency exchange translation	2,942
Balance as of December 31, 2019	$	359,654

As of December 31, 2019 and December 31, 2018, other intangible assets consisted of the following:

(In thousands)	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
December 31, 2019
Other intangible assets:
Trade names	—	$	59,249	$	—		$	59,249
License / franchise agreements	10.9 years	3,583		(2,933		)	650
Total other intangible assets		$	62,832	$	(2,933	)	$	59,899
December 31, 2018
Other intangible assets:
Trade names	—	$	35,394	$	—		$	35,394
License / franchise agreements	6.9 years	3,379		(2,397		)	982
Total other intangible assets		$	38,773	$	(2,397	)	$	36,376

Other intangible assets as of December 31, 2019 included $23.2 million for the Schlitterbahn trade name acquired on July 1, 2019 (see Note 3). The Schlitterbahn trade name is an indefinite-lived intangible asset. Amortization expense of finite-lived other intangible assets for 2019, 2018 and 2017 was immaterial and is expected to be immaterial going forward.