XML 41 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Changes in the Company's goodwill balances from December 31, 2017 to September 30, 2018 are as follows (in thousands):

 
December 31, 2017
 
 Acquisition Adjustments
 
Foreign Currency Translation
 
September 30, 2018
U.S. Corrections & Detention
$
317,005

 
$
(639
)
 
$

 
$
316,366

GEO Care
461,499

 
(1,910
)
 

 
459,589

International Services
447

 

 
(34
)
 
413

Total Goodwill
$
778,951

 
$
(2,549
)
 
$
(34
)
 
$
776,368

Schedule of intangible assets
The Company's intangible assets include facility management contracts, covenants not to compete, trade names and technology, as follows (in thousands):
 
 
 
September 30, 2018
 
December 31, 2017
 
Weighted Average Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Facility management contracts
16.3
 
$
308,431

 
$
(122,309
)
 
$
186,122

 
$
308,518

 
$
(106,724
)
 
$
201,794

Covenants not to compete
1
 
700

 
(700
)
 

 
700

 
(517
)
 
183

Technology
7.3
 
33,700

 
(27,075
)
 
6,625

 
33,700

 
(25,538
)
 
8,162

Trade name (Indefinite lived)
Indefinite
 
45,200

 

 
45,200

 
45,200

 

 
45,200

Total acquired intangible assets
 
 
$
388,031

 
$
(150,084
)
 
$
237,947

 
$
388,118

 
$
(132,779
)
 
$
255,339

Estimated amortization expense for the remainder
Estimated amortization expense related to the Company's finite-lived intangible assets for the remainder of 2018 through 2022 and thereafter is as follows (in thousands):
Fiscal Year
 
 
Total Amortization Expense
Remainder of 2018
 
$
5,647

2019
 
22,305

2020
 
22,305

2021
 
19,782

2022
 
18,103

Thereafter
 
104,605

 
 
$
192,747