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