Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The table below sets forth the changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2015.



	Huron Healthcare		Huron Education and Life Sciences		Huron Legal			Huron Business Advisory			Total
Balance as of December 31, 2014:
Goodwill	$	377,588	$	102,906	$	52,555		$	177,080		$	710,129
Accumulated impairment	—		—		—			(142,983		)	(142,983		)
Goodwill, net as of December 31, 2014	377,588		102,906		52,555			34,097			567,146
Goodwill recorded in connection with business acquisitions	232,676		—		7,363			448			240,487
Foreign currency translation	—		—		(219		)	(613		)	(832		)
Goodwill, net as of September 30, 2015	$	610,264	$	102,906	$	59,699		$	33,932		$	806,801

Refer to Note 5 “Acquisitions” for additional information on our recent acquisitions.

Intangible assets as of September 30, 2015 and December 31, 2014 consisted of the following:



		September 30, 2015				December 31, 2014
	Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer contracts	1 to 4	$	25,373	$	8,634	$	243	$	71
Customer relationships	3 to 13	84,971		27,585		42,345		21,228
Non-competition agreements	2 to 5	3,700		1,728		3,495		1,072
Trade names	5 to 8	22,920		3,906		160		67
Technology and software	3 to 7	9,851		5,124		4,321		3,461
Publishing content	3	3,300		688		—		—
License	2	—		—		50		31
Total		$	150,115	$	47,665	$	50,614	$	25,930

Identifiable intangible assets with finite lives are amortized over their estimated useful lives. The majority of customer relationships, as well as the customer contracts and trade name acquired in the acquisition of Studer Group, are amortized on an accelerated basis to correspond to the cash flows expected to be derived from the assets. All other intangible assets are amortized on a straight-line basis. Refer to Note 5 “Acquisitions” for additional information on the intangible assets acquired in the Studer Group acquisition.

Intangible assets amortization expense was $8.3 million and $22.0 million for the three and nine months ended September 30, 2015, respectively. Intangible asset amortization expense was $2.8 million and $8.3 million for the three and nine months ended September 30, 2014, respectively. The table below sets forth the estimated annual amortization expense for the year ending December 31, 2015 and each of the five succeeding years for the intangible assets recorded as of September 30, 2015.



Year Ending December 31,	Estimated Amount
2015	$	30,318
2016	$	29,372
2017	$	24,950
2018	$	14,660
2019	$	9,241
2020	$	5,664

Actual future amortization expense could differ from these estimated amounts as a result of future acquisitions and other factors.

- 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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