Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

5. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following table presents goodwill by reportable segment:

(in thousands)	Index		Analytics		All Other		Total
Goodwill at December 31, 2016	$	1,202,448	$	302,611	$	50,791	$	1,555,850
Foreign exchange translation adjustment		373		—		230		603
Goodwill at March 31, 2017	$	1,202,821	$	302,611	$	51,021	$	1,556,453

Intangible Assets

Amortization expense related to intangible assets for the three months ended March 31, 2017 and 2016 was $11.3 million and $11.8 million, respectively.

The gross carrying and accumulated amortization amounts related to the Company’s identifiable intangible assets were as follows:

	As of
	March 31,			December 31,
	2017			2016
	(in thousands)
Gross intangible assets:
Customer relationships	$	361,199		$	361,199
Trademarks/trade names		223,382			223,382
Technology/software		212,261			210,013
Proprietary data		28,627			28,627
Covenant not to compete		1,225			1,225
Subtotal		826,694			824,446
Foreign exchange translation adjustment		(13,311	)		(13,946	)
Total gross intangible assets	$	813,383		$	810,500
Accumulated amortization:
Customer relationships	$	(172,464	)	$	(166,923	)
Trademarks/trade names		(107,975	)		(105,077	)
Technology/software		(186,633	)		(184,290	)
Proprietary data		(8,999	)		(8,571	)
Covenant not to compete		(1,131	)		(1,089	)
Subtotal		(477,202	)		(465,950	)
Foreign exchange translation adjustment		2,926			3,090
Total accumulated amortization	$	(474,276	)	$	(462,860	)
Net intangible assets:
Customer relationships	$	188,735		$	194,276
Trademarks/trade names		115,407			118,305
Technology/software		25,628			25,723
Proprietary data		19,628			20,056
Covenant not to compete		94			136
Subtotal		349,492			358,496
Foreign exchange translation adjustment		(10,385	)		(10,856	)
Total net intangible assets	$	339,107		$	347,640

The following table presents the estimated amortization expense for the remainder of 2017 and succeeding years:

Years Ending December 31,	Amortization Expense
	(in thousands)
Remainder 2017	$	32,818
2018		42,074
2019		40,074
2020		37,889
2021		36,376
Thereafter		149,876
Total	$	339,107

- 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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