GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2015

NOTE 4: GOODWILL AND INTANGIBLE ASSETS

The change in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 was as follows (in thousands):

	Technology			Bankruptcy and Settlement Administration			Total
Balance as of December 31, 2013	$	189,339		$	214,963		$	404,302
Acquisition		—			153			153
Foreign currency translation and other		(268	)		—			(268	)

Balance as of December 31, 2014		189,071			215,116			404,187
Acquisition		73,676			—			73,676
Impairment		—			(153	)		(153	)
Foreign currency translation and other		(231	)		—			(231	)

Balance as of December 31, 2015	$	262,516		$	214,963		$	477,479

Identifiable intangible assets as of December 31, 2015 and 2014 consisted of the following (in thousands):

	December 31, 2015				December 31, 2014
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets:
Client relationships	$	139,912	$	111,473	$	124,512	$	100,840
Trade names		13,591		5,087		6,591		3,312
Technology		8,400		3,774		1,142		86
Non-compete agreements		22,841		19,467		18,947		17,349

Total	$	184,744	$	139,801	$	151,192	$	121,587

Client relationships, trade names, technology and non-compete agreements carry a weighted average life of 8 years, 10 years, 3 years and 5 years, respectively.

Aggregate amortization expense related to amortizing intangible assets was $18.3 million, $12.7 million and $18.8 million for the years ended December 31, 2015, 2014, and 2013, respectively.

The following table presents the estimated future amortization expense related to amortizing intangible assets held at December 31, 2015 (in thousands):

Year Ending December 31,	Future Amortization Expense
2016	$	14,870
2017		10,586
2018		6,817
2019		5,154
2020		2,192
Thereafter		5,324

Total	$	44,943

Impairment of goodwill and identifiable intangible assets

During the second quarter of 2015, management approved a plan to exit the operating business of Minus 10, and as a result, we recorded a non-cash impairment charge of $1.2 million related to the Minus 10 goodwill and acquired intangible assets. In August 2015, we sold our 100% equity interest in Minus 10 for an amount immaterial to the Consolidated Financial Statements. The historical assets and liabilities and operating results of Minus 10 are included in the Bankruptcy and Settlement Administration segment until the date of disposition and are immaterial to the Consolidated Financial Statements.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details