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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
s of December 31, goodwill was as follows:
Goodwill
Global Integrated Agencies
 
Domestic Creative Agencies
 
Specialist Communications
 
Media Services
 
All Other
 
Total
Balance at December 31, 2016
$
350,716

 
$
36,762

 
$
78,691

 
$
176,686

 
$
201,904

 
$
844,759

Acquired goodwill

 

 

 

 


 

Disposition
(964
)
 

 

 
(16,629
)
 

 
(17,593
)
Impairment loss recognized
(2,741
)
 

 

 
(497
)
 

 
(3,238
)
Transfer of goodwill between segments

6,371

 

 

 
497

 
(6,868
)
 

Foreign currency translation
5,689

 
218

 
15

 

 
6,085

 
12,007

Balance at December 31, 2017
$
359,071

 
$
36,980

 
$
78,706

 
$
160,057

 
$
201,121

 
$
835,935

Acquired goodwill

 

 
4,816

 

 
32,776

 
37,592

Impairment loss recognized
(17,828
)
 

 

 
(52,041
)
 
(4,691
)
 
(74,560
)
Transfer of goodwill between segments
17,081

 
2,066

 

 
3,773

 
(22,920
)
 

Transfer of goodwill to asset held for sale (1)

 

 

 

 
(45,224
)
 
(45,224
)
Foreign currency translation
(5,169
)
 
(266
)
 
(19
)
 
(443
)
 
(6,891
)
 
(12,788
)
Balance at December 31, 2018
$
353,155

 
$
38,780

 
$
83,503

 
$
111,346

 
$
154,171

 
$
740,955



(1) See Note 5 of the Notes to the Consolidated Financial Statements included herein for additional information.
The Company recognized an impairment of goodwill and other assets of $80,057 for the twelve months ended December 31, 2018. The impairment primarily consists of the write-down of goodwill equal to the excess carrying value above the fair value of three reporting units, one in each of the Global Integrated Agencies reportable segment, the Media Services reportable segment and within the All Other category. The impairment of goodwill was in connection with the Company’s interim and annual impairment tests performed in 2018. See below for information regarding an impairment of a tradename.
The Company recognized an impairment of goodwill and other assets of $4,415 for the twelve months ended December 31, 2017. The impairment primarily consists of the write-down of goodwill equal to the excess carrying value above the fair value of two reporting units, one in each of the Global Integrated Agencies reportable segment and the Media Services reportable segment.The impairment of goodwill was in connection with the Company’s annual impairment test performed in 2017.
The Company recognized an impairment of goodwill of $48,524 for the twelve months ended December 31, 2016. The impairment was recognized at three reporting units, the Specialist Communications reportable segment, Media Services reportable segment and All Other reportable segment. The impairment of goodwill was in connection with the Company’s interim and annual impairment tests performed in 2016.
The total accumulated goodwill impairment charges are $173,205 through December 31, 2018.
As of December 31, the gross and net amounts of acquired intangible assets other than goodwill were as follows:
 
 
For the Year Ended December 31,
Intangible Assets
 
2018
 
2017
Trademarks (indefinite life)
 
$
14,600

 
$
17,780

Customer relationships – gross
 
$
93,296

 
$
102,325

Less accumulated amortization
 
(59,144
)
 
(73,767
)
Customer relationships – net
 
$
34,152

 
$
28,558

Other intangibles – gross
 
$
40,803

 
$
37,273

Less accumulated amortization
 
(21,790
)
 
(13,006
)
Other intangibles – net
 
$
19,013

 
$
24,267

Total intangible assets
 
$
148,699

 
$
157,378

Less accumulated amortization
 
(80,934
)
 
(86,773
)
Total intangible assets – net
 
$
67,765

 
$
70,605


In 2018, the Company recognized the full write-down of a trademark totaling $3,180 for a reporting unit within the Global Integrated Agencies reportable segment. The tradename is no longer in active use given its merger with another reporting unit. See Note 16 of the Notes to the Consolidated Financial Statements for information related to the merger.
The weighted average amortization period for customer relationships is six years and other intangible assets is eight years. In total, the weighted average amortization period is seven years. Amortization expense related to amortizable intangible assets for the years ended December 31, 2018, 2017, and 2016 was $17,290$17,125, and $21,726, respectively.
The estimated amortization expense for the five succeeding years is as follows:
Year
 
Amortization
2019
 
$
12,257

2020
 
9,601

2021
 
8,220

2022
 
7,666

2023 and thereafter
 
15,421