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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
Summary of Changes in Goodwill by Reportable Segment

A summary of changes in goodwill by reportable segment are as follows:

 

     Careers-
North
America
    Careers-
International
    Internet
Advertising
& Fees
    Total  

Balance as of December 31, 2013:

        

Goodwill

   $ 598,114      $ 408,464      $ 151,590      $ 1,158,168   

Accumulated impairment losses

     —          (262,650     —          (262,650
  

 

 

   

 

 

   

 

 

   

 

 

 

Net goodwill as of December 31, 2013

     598,114        145,814        151,590        895,518   
  

 

 

   

 

 

   

 

 

   

 

 

 

Acquisition activity

     25,061        —          —          25,061   

Write-off in connection with deconsolidation of subsidiaries

     —          (4,057     —          (4,057

Impairment

     (263,000     —          (62,800     (325,800

Translation and other adjustments, net

     —          (50,101     —          (50,101
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of December 31, 2014:

        

Goodwill

     623,175        354,306        151,590        1,129,071   

Accumulated impairment losses

     (263,000     (262,650     (62,800     (588,450
  

 

 

   

 

 

   

 

 

   

 

 

 

Net goodwill as of December 31, 2014

   $ 360,175      $ 91,656      $ 88,790      $ 540,621   
  

 

 

   

 

 

   

 

 

   

 

 

 
Intangible Assets

The Company’s intangible assets, excluding the assets of the discontinued operations, consisted of the following:

 

     December 31, 2014     December 31, 2013      
     Gross Carrying
Amount
     Accumulated
Amortization
    Gross Carrying
Amount
     Accumulated
Amortization
    Weighted Average
Amortization Period
(Years)

Customer relationships

   $ 48,856       $ (47,785   $ 49,808       $ (48,895   2

Trademarks/Internet domains

     14,297         —          15,240         —        Indefinite lived

Trade Names

     7,786         (2,181     10,600         (3,926   3

Patents

     8,428         (584     718         (52   5

Other

     32,986         (31,300     29,798         (29,233   2
  

 

 

    

 

 

   

 

 

    

 

 

   

Total

   $ 112,353       $ (81,850   $ 106,164       $ (82,106  
  

 

 

    

 

 

   

 

 

    

 

 

   
Estimated Annual Amortization Expense

Based on the carrying value of identified intangible assets recorded as of December 31, 2014, and assuming no subsequent impairment of the underlying assets, the estimated annual amortization expense for the next five years is as follows:

 

     2015      2016      2017      2018      2019  

Estimated amortization expense

   $ 2,974       $ 2,640       $ 2,631       $ 2,534       $ 1,722