Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Components of Goodwill and Other Intangible Assets

The components of goodwill and other intangible assets at March 31, 2014 and December 31, 2013 are presented below:

	March 31,		December 31,
	2014		2013
Goodwill	$	349,716	$	345,453
Other intangible assets (net of accumulated amortization)		17,205		18,424
	$	366,921	$	363,877

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the three month periods ended March 31, 2014 and 2013 are as follows:

	Three Months Ended March  31,
	2014		2013
Balance, January 1	$	345,453	$	364,328
Business acquisitions		–		1,440
Foreign currency translation adjustments		4,263		(119	)
Balance, March 31	$	349,716	$	365,649

Gross Cost and Accumulated Amortization of Other Intangible Assets

The gross cost and accumulated amortization of other intangible assets as of March 31, 2014 and December 31, 2013, by major intangible asset category, are as follows:

	March 31, 2014						December 31, 2013
	Gross Cost		Accumulated Amortization		Net Carrying Amount		Gross Cost		Accumulated Amortization		Net Carrying Amount
Success/performance fees	$	30,740	$	17,687	$	13,053	$	30,740	$	17,173	$	13,567
Management fees, customer relationships and non-compete agreements		33,064		28,912		4,152		33,063		28,206		4,857
	$	63,804	$	46,599	$	17,205	$	63,803	$	45,379	$	18,424

Estimated Future Amortization Expense

Amortization expense of intangible assets for the three month periods ended March 31, 2014 and 2013 was $1,220 and $877, respectively. Estimated future amortization expense is as follows:

Year Ending December 31,	Amortization Expense (a)
2014 (April 1 through December 31)	$	5,591
2015		6,433
2016		5,181
Total amortization expense	$	17,205

(a) Approximately 43% of intangible asset amortization is attributable to a noncontrolling interest.