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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of the Goodwill Balances by Component and Segment

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

 

(in thousands)

 

GES U.S.

 

 

GES International

 

 

Pursuit

 

 

Total

 

Balance at December 31, 2017

 

$

148,277

 

 

$

38,840

 

 

$

83,434

 

 

$

270,551

 

Foreign currency translation adjustments

 

 

 

 

 

(1,038

)

 

 

(3,490

)

 

 

(4,528

)

Balance at June 30, 2018

 

$

148,277

 

 

$

37,802

 

 

$

79,944

 

 

$

266,023

 

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

June 30, 2018

 

 

December 31, 2017

 

(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

 

$

68,454

 

 

$

(27,708

)

 

$

40,746

 

 

$

68,798

 

 

$

(23,696

)

 

$

45,102

 

Operating contracts and licenses

 

 

9,530

 

 

 

(1,207

)

 

 

8,323

 

 

 

9,951

 

 

 

(1,094

)

 

 

8,857

 

Tradenames

 

 

8,553

 

 

 

(3,343

)

 

 

5,210

 

 

 

8,633

 

 

 

(2,873

)

 

 

5,760

 

Non-compete agreements

 

 

5,298

 

 

 

(3,573

)

 

 

1,725

 

 

 

5,363

 

 

 

(3,007

)

 

 

2,356

 

Other

 

 

1,678

 

 

 

(745

)

 

 

933

 

 

 

896

 

 

 

(650

)

 

 

246

 

Total amortized intangible assets

 

 

93,513

 

 

 

(36,576

)

 

 

56,937

 

 

 

93,641

 

 

 

(31,320

)

 

 

62,321

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

460

 

 

 

 

 

 

460

 

 

 

460

 

 

 

 

 

 

460

 

Other intangible assets

 

$

93,973

 

 

$

(36,576

)

 

$

57,397

 

 

$

94,101

 

 

$

(31,320

)

 

$

62,781

 

 

Estimated Amortization Expense Related to Amortized Intangible Assets

The estimated future amortization expense related to amortized intangible assets held at June 30, 2018 is as follows:

 

(in thousands)

 

 

 

 

Year ending December 31,

 

 

 

 

Remainder of 2018

 

$

5,527

 

2019

 

 

9,951

 

2020

 

 

8,455

 

2021

 

 

7,465

 

2022

 

 

5,932

 

Thereafter

 

 

19,607

 

Total

 

$

56,937