XML 23 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill
9 Months Ended
Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

Note 4 – Goodwill

A summary of the changes in the carrying amount of goodwill, by operating segment, for the nine months ended September 30, 2017, is as follows:

 

(in thousands)

Title
Insurance
and Services

 

 

Specialty
Insurance

 

  

Total

 

Balance as of December 31, 2016

$

970,652

 

 

$

46,765

 

 

$

1,017,417

  

Acquisitions

 

123,954

 

 

 

 

 

 

123,954

 

Foreign currency translation

 

4,391

 

 

 

 

  

 

4,391

 

Other adjustments

 

(298

)

 

 

 

  

 

(298

)

Balance as of September 30, 2017

$

1,098,699

  

 

$

46,765

  

  

$

1,145,464

  

 

The Company’s four reporting units for purposes of assessing goodwill for impairment are title insurance, home warranty, property and casualty insurance and trust and other services. During the nine months ended September 30, 2017 there were no triggering events that would more likely than not reduce the fair value of any reporting unit below its carrying amount.

 

For further discussion about the Company’s acquisitions for the three and nine months ended September 30, 2017, see Note 14 Business Combinations.