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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 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

 

 

 

 

 

(1,268

)

 

 

(2,479

)

 

 

(3,747

)

Purchase price allocation adjustments

 

 

 

 

 

 

 

 

(73

)

 

 

(73

)

Balance at September 30, 2018

 

$

148,277

 

 

$

37,572

 

 

$

80,882

 

 

$

266,731

 

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

September 30, 2018

 

 

December 31, 2017

 

(in thousands)

 

Useful Life

(Years)

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts and relationships

 

7.9

 

$

68,386

 

 

$

(29,747

)

 

$

38,639

 

 

$

68,798

 

 

$

(23,696

)

 

$

45,102

 

Operating contracts and licenses

 

25.7

 

 

9,703

 

 

 

(1,434

)

 

 

8,269

 

 

 

9,951

 

 

 

(1,094

)

 

 

8,857

 

Tradenames

 

6.4

 

 

8,620

 

 

 

(3,612

)

 

 

5,008

 

 

 

8,633

 

 

 

(2,873

)

 

 

5,760

 

Non-compete agreements

 

1.7

 

 

5,294

 

 

 

(3,868

)

 

 

1,426

 

 

 

5,363

 

 

 

(3,007

)

 

 

2,356

 

Other

 

8.1

 

 

1,691

 

 

 

(788

)

 

 

903

 

 

 

896

 

 

 

(650

)

 

 

246

 

Total amortized intangible assets

 

 

 

 

93,694

 

 

 

(39,449

)

 

 

54,245

 

 

 

93,641

 

 

 

(31,320

)

 

 

62,321

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

460

 

 

 

 

 

 

460

 

 

 

460

 

 

 

 

 

 

460

 

Other intangible assets

 

 

 

$

94,154

 

 

$

(39,449

)

 

$

54,705

 

 

$

94,101

 

 

$

(31,320

)

 

$

62,781

 

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

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

 

(in thousands)

 

 

 

 

Year ending December 31,

 

 

 

 

Remainder of 2018

 

$

2,611

 

2019

 

 

9,962

 

2020

 

 

8,467

 

2021

 

 

7,477

 

2022

 

 

5,942

 

Thereafter

 

 

19,786

 

Total

 

$

54,245