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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and other intangible assets
Goodwill and other intangible assets, net of accumulated amortization, as of December 31, 2019 and 2018 are as follows (in thousands):
 
2019
 
2018
Goodwill
$
659,937

 
$
647,077

Other intangible assets, net
830,298

 
870,517

Total goodwill and other intangible assets, net
$
1,490,235

 
$
1,517,594


Schedule of changes in carrying amount of goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows (in thousands):
 
2019
 
2018
Balance as of beginning of year
$
647,077

 
$
433,374

Goodwill acquired and related adjustments
14,157

 
218,191

Currency translation effect on foreign goodwill balances
(1,297
)
 
(4,488
)
Balance as of end of year
$
659,937

 
$
647,077


Schedule of other intangible assets, changes in net carrying amount
For other intangible assets, the changes in the net carrying amount for the years ended December 31, 2019 and 2018 are as follows (in thousands):
 
2019
 
2018
 
Gross
Amount
 
Accumulated
Amortization
 
Gross
Amount
 
Accumulated
Amortization
Other intangible assets, beginning
$
964,653

 
$
(94,136
)
 
$
423,846

 
$
(76,634
)
Intangible assets acquired during the period
1,077

 

 
557,390

 

Intangible assets disposed of during the period
(7,114
)
 
7,114

 
(13,659
)
 
13,659

Amortization expense

 
(40,882
)
 

 
(32,927
)
Currency translation effect on foreign balances
(1,788
)
 
1,374

 
(2,924
)
 
1,766

Other intangible assets, ending
$
956,828

 
$
(126,530
)
 
$
964,653

 
$
(94,136
)

Schedule of components of other intangible assets
The components of other intangible assets were as follows (in thousands):
December 31, 2019
Estimated Life
(Years)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
Non-compete agreements
4
 
$
2,630

 
$
(986
)
 
$
1,644

Dealer/customer related
5-20
 
499,513

 
(116,142
)
 
383,371

Developed technology
5-7
 
12,655

 
(9,402
)
 
3,253

Total amortizable
 
 
514,798

 
(126,530
)
 
388,268

Non-amortizable—brand/trade names
 
 
442,030

 

 
442,030

Total other intangible assets, net
 
 
$
956,828

 
$
(126,530
)
 
$
830,298

 
 
 
 
 
 
 
 
December 31, 2018
Estimated Life
(Years)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
Non-compete agreements
4
 
$
2,630

 
$
(329
)
 
$
2,301

Dealer/customer related
5-20
 
506,401

 
(85,614
)
 
420,787

Developed technology
5-7
 
13,323

 
(8,193
)
 
5,130

Total amortizable
 
 
522,354

 
(94,136
)
 
428,218

Non-amortizable—brand/trade names
 
 
442,299

 

 
442,299

Total other intangible assets, net
 
 
$
964,653

 
$
(94,136
)
 
$
870,517