GOODWILL, TRADE NAMES, AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL, TRADE NAMES, AND OTHER INTANGIBLE ASSETS

As of June 30, 2017 and December 31, 2016, the Company had the following acquired intangible assets:



	June 30, 2017						December 31, 2016
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(amounts in thousands)
Intangible assets subject to amortization:
Databases	$	31,609	$	17,162	$	14,447	$	31,609	$	16,147	$	15,462
Customer relationships	41,724		24,270		17,454		41,724		23,316		18,408
Non-compete agreements	3,619		3,548		71		3,619		3,527		92
Trade names, definite-lived	3,216		498		2,718		3,216		343		2,873
Other intangible assets, net	$	80,168	$	45,478	$	34,690	$	80,168	$	43,333	$	36,835

Intangible assets not subject to amortization:
Trade names					35,402						35,402
					$	70,092					$	72,237

As of June 30, 2017, estimated annual amortization expense is as follows:



Years Ending December 31:	(amounts in thousands)
2017	$	2,103
2018	4,148
2019	4,111
2020	4,007
2021	3,799
Thereafter	16,522
	$	34,690

The June 30, 2017 and December 31, 2016 carrying amount of goodwill by segment is as follows:



	June 30, 2017		December 31, 2016
	(amounts in thousands)
Nurse and Allied Staffing	$	44,545	$	44,545
Physician Staffing	25,685		25,685
Other Human Capital Management Services	9,418		9,418
Goodwill	$	79,648	$	79,648

During the three and six months ended June 30, 2017, the Company noted no indicators at any of its reporting units that warranted impairment testing.

During an evaluation of goodwill and other identified intangible assets at June 30, 2016, the Company determined that

indicators were present in the Physician Staffing reporting unit which would suggest the fair value of the reporting unit may

have declined below the carrying value. The Physician Staffing reporting unit continued to underperform relative to management's expectations, driven by lower booking volumes partly due to the loss of customers, and margins being impacted from continued investments in the business all through the first half of 2016. The evaluation resulted in the carrying value of goodwill and other intangible assets for Physician Staffing to exceed the estimated fair value. As a result, the Company recorded pre-tax impairment charges totaling $24.3 million with $17.7 million related to goodwill, $0.6 million related to trade names, and $6.0 million related to customer relationships.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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