Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Goodwill and Intangible Assets, Net

Goodwill at the dates indicated was as follows: 

	At September 30,				At December 31,
(in thousands)	2019		2018		2018
North America	$	96,192	$	95,677	$	96,435
Europe	33,710		39,404		32,471
Asia/Pacific	1,289		1,378		1,344
Total	$	131,191	$	136,459	$	130,250

Intangible assets, net, at the dates indicated were as follows: 

	At September 30, 2019
	Gross					Net
	Carrying		Accumulated			Carrying
(in thousands)	Amount		Amortization			Amount
North America	$	31,305	$	(18,461	)	$	12,844
Europe	23,351		(14,379		)	8,972
Total	$	54,656	$	(32,840	)	$	21,816

	At September 30, 2018
	Gross					Net
(in thousands)	Carrying Amount		Accumulated Amortization			Carrying Amount
North America	$	30,715	$	(15,993	)	$	14,722
Europe	23,935		(13,200		)	10,735
Total	$	54,650	$	(29,193	)	$	25,457

	At December 31, 2018
	Gross					Net
(in thousands)	Carrying Amount		Accumulated Amortization			Carrying Amount
North America	$	30,825	$	(16,002	)	$	14,823
Europe	22,353		(12,774		)	9,579
Total	$	53,178	$	(28,776	)	$	24,402

Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization expense of definite-lived intangible assets was $1.4 million for each of the three-month periods ended September 30, 2019 and 2018, respectively, and was $4.1 million and $4.0 million for the nine months ended September 30, 2019 and 2018, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 5.2 years.

The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at September 30, 2019.

At September 30, 2019, the estimated future amortization of definite-lived intangible assets was as follows: 

(in thousands)
Remaining three months of 2019	$	1,371
2020	5,460
2021	4,981
2022	3,118
2023	2,314
2024	1,349
Thereafter	2,607
	$	21,200

The changes in the carrying amount of goodwill and intangible assets for the nine months ended September 30, 2019, were as follows: 

				Intangible
(in thousands)	Goodwill			Assets
Balance at December 31, 2018	$	130,250		$	24,402
Acquisitions	1,815			1,213
Reclassifications	(370		)	481
Amortization	—			(4,065		)
Foreign exchange	(504		)	(215		)
Balance at September 30, 2019	$	131,191		$	21,816