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Goodwill and Other Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2017 were as follows (in thousands):

 

 

 

Financial

Services

 

 

Real Estate

Services

 

 

Total

 

Balance at December 31, 2016

 

$

451,035

 

 

$

412,655

 

 

$

863,690

 

Acquisitions

 

 

28,768

 

 

 

6,124

 

 

 

34,892

 

Measurement period adjustments

 

 

(17,057

)

 

 

781

 

 

 

(16,276

)

Cumulative translation adjustment

 

 

2,447

 

 

 

 

 

 

2,447

 

Balance at June 30, 2017

 

$

465,193

 

 

$

419,560

 

 

$

884,753

 

 

Components of Other Intangible Assets

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

 

 

 

June 30, 2017

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

196,299

 

 

$

20,751

 

 

$

175,548

 

 

 

14.5

 

Technology

 

 

24,023

 

 

 

8,005

 

 

 

16,018

 

 

 

4.7

 

Noncompete agreements

 

 

31,045

 

 

 

11,557

 

 

 

19,488

 

 

 

2.5

 

Patents

 

 

10,549

 

 

 

9,435

 

 

 

1,114

 

 

 

2.5

 

All other

 

 

19,037

 

 

 

7,938

 

 

 

11,099

 

 

 

8.8

 

Total definite life intangible assets

 

 

280,953

 

 

 

57,686

 

 

 

223,267

 

 

 

12.4

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

90,293

 

 

 

 

 

 

90,293

 

 

N/A

 

Licenses

 

 

2,489

 

 

 

 

 

 

2,489

 

 

N/A

 

Total indefinite life intangible assets

 

 

92,782

 

 

 

 

 

 

92,782

 

 

N/A

 

Total

 

$

373,735

 

 

$

57,686

 

 

$

316,049

 

 

 

12.4

 

 

 

 

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

 

Licenses

 

 

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 June 30, 2017 is as follows (in millions):

 

2017

 

$

14.9

 

2018

 

 

26.3

 

2019

 

 

24.6

 

2020

 

 

18.5

 

2021

 

 

17.2

 

2022 and thereafter

 

 

121.8

 

Total

 

$

223.3