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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2012
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in the carrying amount of the Company's goodwill

 

 

 

 

December 31,
2011

 

Goodwill
acquired

 

Adjustments

 

Foreign currency
translation

 

December 31,
2012

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

Americas Brokerage

 

$

83,289

 

$

—

 

$

—

 

$

—

 

$

83,289

 

EMEA Brokerage

 

13,851

 

—

 

—

 

546

 

14,397

 

Asia Brokerage

 

—

 

—

 

—

 

—

 

—

 

Clearing and Backed Trading

 

40,675

 

—

 

(945

)

1,870

 

41,600

 

All Other

 

128,691

 

—

 

—

 

—

 

128,691

 

 

 

$

266,506

 

$

—

 

$

(945

)

$

2,416

 

$

267,977

 

 

 

 

December 31,
2010

 

Goodwill
acquired

 

Adjustments

 

Foreign currency
translation

 

December 31,
2011

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

Americas Brokerage

 

$

83,289

 

$

—

 

$

—

 

$

—

 

$

83,289

 

EMEA Brokerage

 

13,895

 

—

 

—

 

(44

)

13,851

 

Asia Brokerage

 

—

 

—

 

—

 

—

 

—

 

Clearing and Backed Trading

 

42,413

 

—

 

(1,546

)

(192

)

40,675

 

All Other

 

128,691

 

—

 

—

 

—

 

128,691

 

 

 

$

268,288

 

$

—

 

$

(1,546

)

$

(236

)

$

266,506

 

Schedule of intangible assets

 

 

 

 

December 31, 2012

 

December 31, 2011

 

 

 

Gross
amount

 

Accumulated
amortization
and foreign
currency
translation

 

Net
carrying
value

 

Gross
amount

 

Accumulated
amortization
and foreign
currency
translation

 

Net
carrying
value

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

77,426

 

$

35,597

 

$

41,829

 

$

77,151

 

$

27,606

 

$

49,545

 

Trade names

 

8,951

 

6,181

 

2,770

 

8,951

 

5,719

 

3,232

 

Core technology

 

6,400

 

5,835

 

565

 

6,400

 

4,777

 

1,623

 

Non-compete agreements

 

3,874

 

3,656

 

218

 

3,874

 

3,463

 

411

 

Favorable lease agreements

 

620

 

500

 

120

 

620

 

420

 

200

 

Patents

 

3,131

 

723

 

2,408

 

3,131

 

225

 

2,906

 

Licenses

 

537

 

65

 

472

 

—

 

—

 

—

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Proprietary knowledge

 

110

 

—

 

110

 

110

 

—

 

110

 

Total

 

$

101,049

 

$

52,557

 

$

48,492

 

$

100,237

 

$

42,210

 

$

58,027

 

Schedule of expected amortization expense for the definite lived intangible assets

 

 

2013 

 

$

9,465

 

2014

 

8,714

 

2015

 

8,618

 

2016

 

6,592

 

2017

 

3,204

 

Thereafter

 

11,789

 

Total

 

$

48,382