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Goodwill and Other Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill by Reportable Segment

The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2017 were as follows (in thousands):

 

 

 

Financial

Services

 

 

Real Estate

Services

 

 

Total

 

Balance at December 31, 2016

 

$

451,035

 

 

$

412,655

 

 

$

863,690

 

Acquisitions

 

 

38,400

 

 

 

6,124

 

 

 

44,524

 

Measurement period adjustments

 

 

(27,024

)

 

 

706

 

 

 

(26,318

)

Cumulative translation adjustment

 

 

839

 

 

 

 

 

 

839

 

Balance at March 31, 2017

 

$

463,250

 

 

 

419,485

 

 

$

882,735

 

 

Components of Other Intangible Assets

Other intangible assets consisted of the following (in thousands, except weighted-average remaining life):

 

 

 

March 31, 2017

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

209,110

 

 

$

16,973

 

 

$

192,137

 

 

 

14.4

 

Technology

 

 

24,034

 

 

 

7,137

 

 

 

16,897

 

 

 

4.9

 

Noncompete agreements

 

 

23,754

 

 

 

8,965

 

 

 

14,789

 

 

 

2.9

 

Patents

 

 

10,424

 

 

 

9,074

 

 

 

1,350

 

 

 

2.3

 

All other

 

 

18,914

 

 

 

6,784

 

 

 

12,130

 

 

 

8.7

 

Total definite life intangible assets

 

 

286,236

 

 

 

48,933

 

 

 

237,303

 

 

 

12.6

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

90,292

 

 

 

 

 

 

90,292

 

 

N/A

 

Horizon license

 

 

1,500

 

 

 

 

 

 

1,500

 

 

N/A

 

Total indefinite life intangible assets

 

 

91,792

 

 

 

 

 

 

91,792

 

 

N/A

 

Total

 

$

378,028

 

 

$

48,933

 

 

$

329,095

 

 

 

12.6

 

 

 

 

December 31, 2016

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

127,749

 

 

$

14,386

 

 

$

113,363

 

 

 

17.7

 

Technology

 

 

24,570

 

 

 

6,275

 

 

 

18,295

 

 

 

5.2

 

Noncompete agreements

 

 

16,478

 

 

 

7,597

 

 

 

8,881

 

 

 

2.7

 

Patents

 

 

10,300

 

 

 

8,432

 

 

 

1,868

 

 

 

1.7

 

All other

 

 

13,426

 

 

 

5,996

 

 

 

7,430

 

 

 

3.7

 

Total definite life intangible assets

 

 

192,523

 

 

 

42,686

 

 

 

149,837

 

 

 

14.4

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

96,386

 

 

 

 

 

 

96,386

 

 

N/A

 

Horizon license

 

 

1,500

 

 

 

 

 

 

1,500

 

 

N/A

 

Total indefinite life intangible assets

 

 

97,886

 

 

 

 

 

 

97,886

 

 

N/A

 

Total

 

$

290,409

 

 

$

42,686

 

 

$

247,723

 

 

 

14.4

 

 

Estimated Future Amortization Expense of Definite Life Intangible Assets

The estimated future amortization expense of definite life intangible assets as of March 31, 2017 is as follows (in millions):

 

2017

 

 

22.5

 

2018

 

 

24.7

 

2019

 

 

23.2

 

2020

 

 

19.9

 

2021

 

 

18.6

 

2022 and thereafter

 

 

128.4

 

Total

 

 

237.3