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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
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 North America

 

 

GES EMEA

 

 

Pursuit

 

 

Total

 

Balance at December 31, 2018

 

$

154,944

 

 

$

29,954

 

 

$

76,432

 

 

$

261,330

 

Business acquisitions

 

 

 

 

 

 

 

 

10,731

 

 

 

10,731

 

Foreign currency translation adjustments

 

 

280

 

 

 

(406

)

 

 

2,983

 

 

 

2,857

 

Other adjustment

 

 

 

 

 

 

 

 

1,245

 

 

 

1,245

 

Balance at June 30, 2019

 

$

155,224

 

 

$

29,548

 

 

$

91,391

 

 

$

276,163

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

June 30, 2019

 

 

December 31, 2018

 

(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

 

7.7

 

$

75,255

 

 

$

(35,060

)

 

$

40,195

 

 

$

67,729

 

 

$

(31,201

)

 

$

36,528

 

Operating contracts and licenses

 

23.7

 

 

9,564

 

 

 

(1,593

)

 

 

7,971

 

 

 

9,180

 

 

 

(1,376

)

 

 

7,804

 

Tradenames

 

7.1

 

 

9,736

 

 

 

(3,524

)

 

 

6,212

 

 

 

7,705

 

 

 

(3,109

)

 

 

4,596

 

Non-compete agreements

 

1.9

 

 

5,198

 

 

 

(4,707

)

 

 

491

 

 

 

5,174

 

 

 

(4,080

)

 

 

1,094

 

Other

 

8.0

 

 

2,689

 

 

 

(659

)

 

 

2,030

 

 

 

1,365

 

 

 

(553

)

 

 

812

 

Total amortized intangible assets

 

 

 

 

102,442

 

 

 

(45,543

)

 

 

56,899

 

 

 

91,153

 

 

 

(40,319

)

 

 

50,834

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

460

 

 

 

 

 

 

460

 

 

 

460

 

 

 

 

 

 

460

 

Other intangible assets

 

 

 

$

102,902

 

 

$

(45,543

)

 

$

57,359

 

 

$

91,613

 

 

$

(40,319

)

 

$

51,294

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization At June 30, 2019, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

 

(in thousands)

 

 

 

 

Year ending December 31,

 

 

 

 

Remainder of 2019

 

$

5,248

 

2020

 

 

9,444

 

2021

 

 

8,458

 

2022

 

 

6,933

 

2023

 

 

5,759

 

Thereafter

 

 

21,057

 

Total

 

$

56,899