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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Company's Purchased Intangible Assets

The following table presents the Company’s purchased intangible assets as of December 31, 2015 (in thousands):

 

     Gross Intangibles      Accumulated
Amortization
    Net Intangibles      Weighted Average
Amortization
Period (Years)
 

Customer relationships

   $ 102,594       $ (58,294 )    $ 44,300         8   

Trade names and trademarks

     11,698         (5,470 )      6,228         8   

Non-compete agreements

     1,190         (1,190 )      —           2   

Proprietary software

     850         (850 )      —           2   

Favorable lease agreement

     449         (449 )      —           2   

Content library

     491         (123 )      368         2   
  

 

 

    

 

 

   

 

 

    
   $ 117,272       $ (66,376 )    $ 50,896         8   
  

 

 

    

 

 

   

 

 

    

The following table presents the Company’s purchased intangible assets as of December 31, 2014 (in thousands):

 

     Gross Intangibles      Accumulated
Amortization
    Net Intangibles      Weighted Average
Amortization
Period (Years)
 

Customer relationships

   $ 100,719       $ (47,571 )    $ 53,148         8   

Trade names and trademarks

     11,600         (4,128 )      7,472         8   

Non-compete agreements

     1,209         (1,209 )      —           2   

Proprietary software

     850         (850 )      —           2   

Favorable lease agreement

     449         (449 )      —           2   
  

 

 

    

 

 

   

 

 

    
   $ 114,827       $ (54,207 )    $ 60,620         8   
  

 

 

    

 

 

   

 

 

    
Estimated Future Amortization Expense

The Company’s estimated future amortization expense for the succeeding years relating to the purchased intangible assets resulting from acquisitions completed prior to December 31, 2015, is as follows (in thousands):

 

Years Ending December 31,

   Amount  

2016

   $ 14,489   

2017

     14,366   

2018

     8,198   

2019

     7,605   

2020

     5,104   

2021 and thereafter

     1,134   
Changes in Goodwill

Changes in goodwill for the year ended December 31, 2015 consist of the following (in thousands):

 

     January 1, 2015      Acquisition  (1)      Effect of Foreign
Currency
    December 31,
2015
 

Americas

   $ 193,831       $ —         $ (7,782 )    $ 186,049   

EMEA

     —           10,054         (370 )      9,684   
  

 

 

    

 

 

    

 

 

   

 

 

 
   $ 193,831       $ 10,054       $ (8,152 )    $ 195,733   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

(1)

See Note 2, Acquisitions, for further information.

 

Changes in goodwill for the year ended December 31, 2014 consist of the following (in thousands):

 

     January 1, 2014      Acquisition      Effect of Foreign
Currency
    December 31,
2014
 

Americas

   $ 199,802       $ —         $ (5,971 )    $ 193,831   

EMEA

     —           —           —          —     
  

 

 

    

 

 

    

 

 

   

 

 

 
   $ 199,802       $ —         $ (5,971 )    $ 193,831