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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
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, 2019

 

$

155,276

 

 

$

30,829

 

 

$

101,878

 

 

$

287,983

 

Goodwill impairment

 

 

(41,887

)

 

 

(29,042

)

 

 

(1,757

)

 

 

(72,686

)

Foreign currency translation adjustments

 

 

(534

)

 

 

(1,787

)

 

 

(8,363

)

 

 

(10,684

)

Balance at March 31, 2020

 

$

112,855

 

 

$

 

 

$

91,758

 

 

$

204,613

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

March 31, 2020

 

 

December 31, 2019

 

(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

 

6.6

 

$

39,395

 

 

$

(25,144

)

 

$

14,251

 

 

$

72,219

 

 

$

(40,866

)

 

$

31,353

 

Operating contracts and licenses

 

37.2

 

 

37,924

 

 

 

(1,757

)

 

 

36,167

 

 

 

43,329

 

 

 

(1,881

)

 

 

41,448

 

In-place lease

 

13.7

 

 

13,897

 

 

 

(280

)

 

 

13,617

 

 

 

15,044

 

 

 

(231

)

 

 

14,813

 

Tradenames

 

7.4

 

 

5,397

 

 

 

(1,688

)

 

 

3,709

 

 

 

9,423

 

 

 

(4,338

)

 

 

5,085

 

Non-compete agreements

 

1.8

 

 

697

 

 

 

(453

)

 

 

244

 

 

 

2,077

 

 

 

(1,775

)

 

 

302

 

Other

 

7.9

 

 

742

 

 

 

(70

)

 

 

672

 

 

 

802

 

 

 

(66

)

 

 

736

 

Total amortized intangible assets

 

 

 

 

98,052

 

 

 

(29,392

)

 

 

68,660

 

 

 

142,894

 

 

 

(49,157

)

 

 

93,737

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

562

 

 

 

 

 

 

562

 

 

 

571

 

 

 

 

 

 

571

 

Other intangible assets

 

 

 

$

98,614

 

 

$

(29,392

)

 

$

69,222

 

 

$

143,465

 

 

$

(49,157

)

 

$

94,308

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization At March 31, 2020, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

 

(in thousands)

 

 

 

 

Year ending December 31,

 

 

 

 

Remainder of 2020

 

$

4,305

 

2021

 

 

4,948

 

2022

 

 

4,832

 

2023

 

 

4,203

 

2024

 

 

3,282

 

Thereafter

 

 

47,090

 

Total

 

$

68,660