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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2018
INTANGIBLE ASSETS

NOTE E — INTANGIBLE ASSETS

Intangible assets consist of the following (in thousands):

 

     March 31, 2018      December 31, 2017  
     Gross      Accumulated
Amortization
    Net      Gross      Accumulated
Amortization
    Net  

Goodwill

   $ 98,889      $ —       $ 98,889      $ 15,772      $ —       $ 15,772  

Indefinite-lived intangible assets:

               

Trade names

     64,816        —         64,816        7,616        —         7,616  

Finite-lived intangible assets:

               

Licenses

     15,847        (9,489     6,358        15,847        (9,375     6,472  

Trade names

     33,841        (11,926     21,915        33,368        (11,109     22,259  

Customer relationships

     193,492        (19,298     174,194        52,961        (16,966     35,995  

Other

     5,781        (866     4,915        1,165        (800     365  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 412,666      $ (41,579   $ 371,087      $ 126,729      $ (38,250   $ 88,479  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

A summary of the activities related to the Company’s intangible assets for the three months ended March 31, 2018 consists of the following (in thousands):

 

Goodwill and Intangible Assets, December 31, 2017

   $ 88,479  

Goodwill acquired

     82,613  

Trade names acquired

     57,200  

Customer relationships acquired

     139,200  

Other intangibles acquired

     4,600  

Foreign currency translation adjustment

     1,675  

Amortization

     (2,680
  

 

 

 

Goodwill and Intangible Assets, March 31, 2018

   $ 371,087