TopBuild Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangibles (Tables)

Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2017

Changes in carrying amount of goodwill by segment

Changes in the carrying amount of goodwill for the years ended December 31, 2017 and 2016, by segment, were as follows, in thousands:


	Gross Goodwill				Gross Goodwill		Accumulated		Net Goodwill
	at				at		Impairment		at
	December 31, 2016		Additions		December 31, 2017		Losses		December 31, 2017
Goodwill, by segment:
Installation	$	1,390,792	$	32,128	$	1,422,920	$	(762,021)	$	660,899
Distribution		416,287		—		416,287		—		416,287
Total goodwill	$	1,807,079	$	32,128	$	1,839,207	$	(762,021)	$	1,077,186


	Gross Goodwill				Gross Goodwill		Accumulated		Net Goodwill
	at				at		Impairment		at
	December 31, 2015		Additions		December 31, 2016		Losses		December 31, 2016
Goodwill, by segment:
Installation	$	1,389,775	$	1,017	$	1,390,792	$	(762,021)	$	628,771
Distribution		416,287		—		416,287		—		416,287
Total goodwill	$	1,806,062	$	1,017	$	1,807,079	$	(762,021)	$	1,045,058

Schedule of other intangible assets

The following table sets forth our other intangible assets and associated amortization expense, in thousands:


	For the years ended December 31,
	2017		2016		2015
Gross definite-lived intangible assets	$	54,872	$	20,932
Accumulated amortization		(21,629)		(18,683)
Net definite-lived intangible assets		33,243		2,249
Indefinite-lived intangible assets not subject to amortization		—		407
Other intangible assets, net	$	33,243	$	2,656

Amortization expense	$	2,994	$	795	$	1,026

Future amortization expense related to definite-lived intangible assets

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
2018	$	4,056
2019		4,056
2020		4,006
2021		3,892
2022		3,814