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Goodwill and Other Intangibles (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill by reportable segment

The following table presents the changes in the carrying amount of goodwill by the Company’s European Operations segment for the three months ended March 31, 2018 (dollars in thousands):

 

 

 

 

 

 

 

Total

Balance at December 31, 2017

 

$

11,054

Currency translation adjustment

 

 

411

Balance at March 31, 2018

 

$

11,465

 

Summary of acquired other intangible assets

Acquired other intangible assets consisted of the following at March 31, 2018 and December 31, 2017 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2018

 

December 31, 2017

 

 

 

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

Useful Lives

 

 

 

Amount

 

Amortization

 

Amount

 

Amortization

 

(Years)

 

Trade name

    

$

8,533

    

$

 —

    

$

8,529

    

$

 —

    

 —

 

Customer-related intangibles

 

 

9,823

 

 

5,908

 

 

10,217

 

 

6,219

 

16.9

 

Proprietary software

 

 

23,389

 

 

22,357

 

 

23,321

 

 

22,197

 

8.3

 

Trading rights

 

 

339

 

 

 —

 

 

339

 

 

 —

 

 —

 

Other

 

 

50

 

 

 —

 

 

50

 

 

 —

 

 —

 

Total

 

$

42,134

 

$

28,265

 

$

42,456

 

$

28,416

 

 

 

 

Schedule of changes in the carrying amount of net intangible assets

The following table represents the changes in the carrying amount of net intangible assets for the three months ended March 31, 2018 (dollars in thousands):

 

 

 

 

 

 

 

 

Total

 

Balance at December 31, 2017

    

$

14,040

 

Amortization

 

 

(258)

 

Currency translation adjustment

 

 

87

 

Balance at March 31, 2018

 

$

13,869