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Note 5 - Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill and Intangible Assets Disclosure [Text Block]

(5) Goodwill and Intangible Assets

Goodwill at December 31, 2010 and June 30, 2011 consists of the following (in thousands):

	December 31,			June 30,
	2010			2011

Balance at beginning of period	$	32,395		$	90,582
Goodwill acquired during the period		57,877			186,202
Adjustments to prior year acquisitions		(303	)		904
Effect of foreign currency translation		613			203
Balance at end of period	$	90,582		$	277,891

Intangible assets at December 31, 2010 and June 30, 2011, consist of the following (in thousands):

		December 31, 2010
		Gross						Net
		carrying		Accumulated				carrying
	Estimated useful lives	amount		amortization				value
Amortizable intangible assets:
Customer relationships	40 to 42 months	$	70,163		$	(19,130	)	$	51,033
Tradenames	45 months		17,883			(4,606	)		13,277
Covenants not to compete	36 months		1,729			(841	)		888
Technology	24 to 40 months		3,427			(1,711	)		1,716
Totals		$	93,202		$	(26,288	)	$	66,914

		June 30, 2011
		Gross						Net
		carrying		Accumulated				carrying
	Estimated useful lives	amount		amortization				value
Amortizable intangible assets:
Customer relationships	40 to 60 months	$	142,138		$	(32,759	)	$	109,379
Tradenames	45 to 84 months		45,809			(8,199	)		37,610
Covenants not to compete	36 months		2,609			(1,222	)		1,387
Technology	24 to 40 months		6,503			(2,566	)		3,937
Totals		$	197,059		$	(44,746	)	$	152,313

The aggregate intangible amortization expense for the three and six months ended June 30, 2010 was $3.2 million and $6.0 million, respectively. The aggregate intangible amortization expense for the three and six months ended June 30, 2011 was $10.5 million and $18.4 million, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):

	Amount
Six months ended December 31, 2011	$	23,906
Year ended December 31:
2012		43,446
2013		37,496
2014		21,461
2015		16,913
Thereafter		9,091
Total	$	152,313

- 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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