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GOODWILL AND INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2011
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

NOTE 2:   GOODWILL AND INTANGIBLE ASSETS

 

The change in the carrying amount of goodwill for the first six months of 2011 was as follows (in thousands):

 

 

 

E-discovery

 

Bankruptcy

 

Settlement
Administration

 

Total

 

 

 

(in thousands)

 

Balance as of December 31, 2010

 

$

79,826

 

$

182,116

 

$

32,847

 

$

294,789

 

Acquisition

 

70,484

 

 

 

70,484

 

Foreign currency translation

 

153

 

 

 

153

 

Balance as of June 30, 2011

 

$

150,463

 

$

182,116

 

$

32,847

 

$

365,426

 

 

Amortizing identifiable intangible assets as of June 30, 2011 and December 31, 2010 consisted of the following (in thousands):

 

 

 

June 30, 2011

 

December 31, 2010

 

 

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

 

 

(in thousands)

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

93,654

 

$

40,863

 

$

63,902

 

$

32,007

 

Trade names

 

2,362

 

824

 

745

 

745

 

Non-compete agreements

 

32,232

 

26,668

 

30,838

 

25,587

 

Non-amortizing intangible assets:

 

 

 

 

 

 

 

 

 

Trade names

 

6,434

 

 

6,434

 

 

 

 

$

134,682

 

$

68,355

 

$

101,919

 

$

58,339

 

 

Customer relationships, non-compete agreements and trade names carry a weighted average remaining life of seven years, six years and five years, respectively. Aggregate amortization expense related to identifiable intangible assets was $6.2 million and $1.7 million for the three months ended June 30, 2011 and 2010, respectively, and $10.0 million and $3.5 million for the six months ended June 30, 2011 and 2010, respectively.  The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2011:

 

(in thousands)

 

Year Ending December 31,

 

 

 

2011 (excluding the six months ended June 30, 2011)

 

$

11,270

 

2012

 

18,047

 

2013

 

12,126

 

2014

 

7,074

 

2015

 

5,500

 

2016

 

2,706