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Goodwill and Other Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2018
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, 2018 were as follows (in thousands):

 

 

 

Financial

Services

 

 

Real Estate

Services

 

 

Total

 

Balance at December 31, 2017

 

$

468,050

 

 

$

477,532

 

 

$

945,582

 

Acquisitions

 

 

 

 

 

6,626

 

 

 

6,626

 

Measurement period adjustments

 

 

(1,129

)

 

 

(2,444

)

 

 

(3,573

)

Cumulative translation adjustment

 

 

(1,780

)

 

 

 

 

 

(1,780

)

Balance at June 30, 2018

 

$

465,141

 

 

$

481,714

 

 

$

946,855

 

 

Components of Other Intangible Assets

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

 

 

 

June 30, 2018

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

205,343

 

 

$

36,494

 

 

$

168,849

 

 

 

13.1

 

Technology

 

 

24,024

 

 

 

11,466

 

 

 

12,558

 

 

 

3.7

 

Noncompete agreements

 

 

35,704

 

 

 

19,918

 

 

 

15,786

 

 

 

2.6

 

Patents

 

 

10,412

 

 

 

10,179

 

 

 

233

 

 

 

6.1

 

All other

 

 

19,689

 

 

 

10,876

 

 

 

8,813

 

 

 

8.5

 

Total definite life intangible assets

 

 

295,172

 

 

 

88,933

 

 

 

206,239

 

 

 

11.5

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

83,941

 

 

 

 

 

 

83,941

 

 

N/A

 

Licenses

 

 

7,929

 

 

 

 

 

 

7,929

 

 

N/A

 

Total indefinite life intangible assets

 

 

91,870

 

 

 

 

 

 

91,870

 

 

N/A

 

Total

 

$

387,042

 

 

$

88,933

 

 

$

298,109

 

 

 

11.5

 

 

 

 

December 31, 2017

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

 

Weighted-

Average

Remaining Life

(Years)

 

Definite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer-related

 

$

203,743

 

 

$

27,820

 

 

$

175,923

 

 

 

13.7

 

Technology

 

 

24,025

 

 

 

9,741

 

 

 

14,284

 

 

 

4.2

 

Noncompete agreements

 

 

34,333

 

 

 

16,180

 

 

 

18,153

 

 

 

2.7

 

Patents

 

 

10,629

 

 

 

10,049

 

 

 

580

 

 

 

3.6

 

All other

 

 

19,795

 

 

 

9,691

 

 

 

10,104

 

 

 

9.2

 

Total definite life intangible assets

 

 

292,525

 

 

 

73,481

 

 

 

219,044

 

 

 

11.9

 

Indefinite life intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

84,048

 

 

 

 

 

 

84,048

 

 

N/A

 

Licenses

 

 

7,929

 

 

 

 

 

 

7,929

 

 

N/A

 

Total indefinite life intangible assets

 

 

91,977

 

 

 

 

 

 

91,977

 

 

N/A

 

Total

 

$

384,502

 

 

$

73,481

 

 

$

311,021

 

 

 

11.9

 

 

Estimated Future Amortization Expense of Definite Life Intangible Assets

The estimated future amortization expense of definite life intangible assets as of June 30, 2018 is as follows (in millions):

 

2018

 

$

14.0

 

2019

 

 

27.8

 

2020

 

 

22.2

 

2021

 

 

18.9

 

2022

 

 

14.3

 

2023 and thereafter

 

 

109.0

 

Total

 

$

206.2