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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of the Goodwill Balances by Component and Segment

The changes in the carrying amount of goodwill were as follows:

 

(in thousands)

 

GES U.S.

 

 

GES International

 

 

Pursuit

 

 

Total

 

Balance at December 31, 2016

 

$

148,277

 

 

$

34,460

 

 

$

71,285

 

 

$

254,022

 

Business acquisitions

 

 

 

 

 

1,060

 

 

 

 

 

 

1,060

 

Foreign currency translation adjustments

 

 

 

 

 

3,084

 

 

 

5,753

 

 

 

8,837

 

Balance at September 30, 2017

 

$

148,277

 

 

$

38,604

 

 

$

77,038

 

 

$

263,919

 

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

September 30, 2017

 

 

December 31, 2016

 

(in thousands)

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts and relationships

 

$

68,739

 

 

$

(21,505

)

 

$

47,234

 

 

$

67,762

 

 

$

(14,345

)

 

$

53,417

 

Operating contracts and licenses

 

 

10,038

 

 

 

(1,083

)

 

 

8,955

 

 

 

9,315

 

 

 

(652

)

 

 

8,663

 

Tradenames

 

 

8,665

 

 

 

(2,613

)

 

 

6,052

 

 

 

8,324

 

 

 

(1,440

)

 

 

6,884

 

Non-compete agreements

 

 

5,358

 

 

 

(2,682

)

 

 

2,676

 

 

 

5,190

 

 

 

(1,369

)

 

 

3,821

 

Other

 

 

896

 

 

 

(601

)

 

 

295

 

 

 

886

 

 

 

(458

)

 

 

428

 

Total amortized intangible assets

 

 

93,696

 

 

 

(28,484

)

 

 

65,212

 

 

 

91,477

 

 

 

(18,264

)

 

 

73,213

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

460

 

 

 

 

 

 

460

 

 

 

460

 

 

 

 

 

 

460

 

Other intangible assets

 

$

94,156

 

 

$

(28,484

)

 

$

65,672

 

 

$

91,937

 

 

$

(18,264

)

 

$

73,673

 

 

Estimated Amortization Expense Related to Amortized Intangible Assets

The estimated future amortization expense related to amortized intangible assets held at September 30, 2017 is as follows:

 

(in thousands)

 

 

 

 

Year ending December 31,

 

 

 

 

Remainder of 2017

 

$

2,812

 

2018

 

 

11,014

 

2019

 

 

9,946

 

2020

 

 

8,446

 

2021

 

 

7,450

 

Thereafter

 

 

25,544

 

Total

 

$

65,212