| Changes in the carrying amount of goodwill by segment |
Changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018, by segment, were as follows, in thousands:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Goodwill |
|
|
|
Gross Goodwill |
|
Accumulated |
|
Net Goodwill |
|
|
at |
|
|
|
at |
|
Impairment |
|
at |
|
|
December 31, 2018 |
|
Additions |
|
December 31, 2019 |
|
Losses |
|
December 31, 2019 |
Goodwill, by segment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installation |
|
$ |
1,679,654 |
|
$ |
3,935 |
|
$ |
1,683,589 |
|
$ |
(762,021) |
|
$ |
921,568 |
Distribution |
|
|
446,383 |
|
|
(33) |
|
|
446,350 |
|
|
— |
|
|
446,350 |
Total goodwill |
|
$ |
2,126,037 |
|
$ |
3,902 |
|
$ |
2,129,939 |
|
$ |
(762,021) |
|
$ |
1,367,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Goodwill |
|
|
|
Gross Goodwill |
|
Accumulated |
|
Net Goodwill |
|
|
at |
|
|
|
at |
|
Impairment |
|
at |
|
|
December 31, 2017 |
|
Additions |
|
December 31, 2018 |
|
Losses |
|
December 31, 2018 |
Goodwill, by segment: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installation |
|
$ |
1,422,920 |
|
$ |
256,734 |
|
$ |
1,679,654 |
|
$ |
(762,021) |
|
$ |
917,633 |
Distribution |
|
|
416,287 |
|
|
30,096 |
|
|
446,383 |
|
|
— |
|
|
446,383 |
Total goodwill |
|
$ |
1,839,207 |
|
$ |
286,830 |
|
$ |
2,126,037 |
|
$ |
(762,021) |
|
$ |
1,364,016 |
|
| Schedule of other intangible assets |
Other intangible assets, net includes customer relationships, non-compete agreements, and trademarks / trade names. The
following table sets forth our other intangible assets, in thousands:
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
December 31, 2019 |
|
December 31, 2018 |
|
December 31, 2017 |
Gross definite-lived intangible assets |
|
$ |
221,382 |
|
$ |
218,882 |
|
$ |
54,872 |
Accumulated amortization |
|
|
(40,260) |
|
|
(19,495) |
|
|
(21,629) |
Net definite-lived intangible assets |
|
|
181,122 |
|
|
199,387 |
|
|
33,243 |
Indefinite-lived intangible assets not subject to amortization |
|
|
— |
|
|
— |
|
|
— |
Other intangible assets, net |
|
$ |
181,122 |
|
$ |
199,387 |
|
$ |
33,243 |
|
|
|
|
|
|
|
|
|
|
Amortization expense |
|
$ |
20,765 |
|
$ |
15,752 |
|
$ |
2,994 |
The following table sets forth the amortization expense related to the definite-lived intangible assets during each of the next five years, in thousands:
|
|
|
|
|
|
Amortization
Expense |
2020 |
|
$ |
20,900 |
2021 |
|
|
20,737 |
2022 |
|
|
19,913 |
2023 |
|
|
19,101 |
2024 |
|
|
19,076 |
|