Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying value of goodwill by segment were as follows (in thousands):



December 31, 2019	U.S. operations segment		Latin America operations segment			Total
Balance, beginning of year	$	759,538	$	157,881		$	917,419
Acquisitions (see Note 3)	11,773		15,533			27,306
Effect of foreign currency translation	—		5,175			5,175
Other adjustments	—		(1,257		)	(1,257		)
Balance, end of year	$	771,311	$	177,332		$	948,643

December 31, 2018
Balance, beginning of year	$	743,997	$	87,148		$	831,145
Acquisitions (see Note 3)	15,541		71,427			86,968
Effect of foreign currency translation	—		(694		)	(694		)
Balance, end of year	$	759,538	$	157,881		$	917,419

Definite Lived Intangible Assets Amortization

The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):



	As of December 31,
	2019							2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	25,899	$	(21,681	)	$	4,218	$	25,453	$	(18,955	)	$	6,498
Executive non-compete agreements	—		—			—		8,700		(8,700		)	—
	$	25,899	$	(21,681	)	$	4,218	$	34,153	$	(27,655	)	$	6,498

Goodwill Future Amortization Expense

Estimated future amortization expense is as follows (in thousands):



2020	$	2,368
2021	1,300
2022	299
2023	231
2024	20
	$	4,218

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets as of December 31, 2019 and 2018, consist of the following (in thousands):



	As of December 31,
	2019		2018
Trade names	$	46,300	$	46,300
Pawn licenses ⁽¹⁾	34,107		34,092
Other indefinite-lived intangibles	1,250		1,250
	$	81,657	$	81,642


⁽¹⁾	Costs to renew licenses with indefinite lives are expensed as incurred and recorded in store operating expenses in the consolidated statements of income.

The Company performed its annual assessment of indefinite-lived intangible assets and determined there was no impairment as of December 31, 2019 and 2018.