Goodwill and Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consist of the following (in thousands):

	June 30, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	139,767	$	(35,890	)	$	103,877	$	139,767	$	(26,838	)	$	112,929
Institutional relationships		34,800		(16,086	)		18,714		33,600		(10,398	)		23,202
Trademarks and trade names		10,000		(502	)		9,498		2,000		(28	)		1,972
Licenses		5,000		(100	)		4,900		5,000		—			5,000
Non-compete agreements		1,500		(580	)		920		1,500		(111	)		1,389
Total intangible assets	$	191,067	$	(53,158	)	$	137,909	$	181,867	$	(37,375	)	$	144,492

Estimated Amortization Expense

Based on the balance of intangible assets, net at June 30, 2013, the following is an estimate of amortization expected to be expensed for each of the next five years and thereafter (in thousands):

	Amortization Expense
For the remainder of 2013	$	15,503
2014		18,903
2015		14,938
2016		11,710
2017		10,469
2018		9,373
Thereafter		57,013
Total	$	137,909