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Note 5 - Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2011

Goodwill and Intangible Assets Disclosure [Text Block]

(5) Goodwill and Intangible Assets

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

	December 31, 2010			September 30, 2011
Balance at beginning of period	$	32,395		$	90,582
Goodwill acquired during the period		57,877			198,574
Adjustments to prior year acquisitions		(303	)		1,450
Effect of foreign currency translation		613			(1,823	)
Balance at end of period	$	90,582		$	288,783

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

		December 31, 2010
	Estimated useful lives	Gross carrying amount		Accumulated amortization			Net carrying 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

		September 30, 2011
		Gross					Net
		carrying		Accumulated			carrying
	Estimated useful lives	amount		amortization			value
Amortizable intangible assets:
Customer relationships	40 to 60 months	$	146,836	$	(41,013	)	$	105,823
Tradenames	45 to 84 months		47,364		(10,632	)		36,732
Covenants not to compete	36 months		2,780		(1,397	)		1,383
Technology	24 to 40 months		6,830		(3,223	)		3,607
Totals		$	203,810	$	(56,265	)	$	147,545

The aggregate intangible amortization expense for the three and nine months ended September 30, 2010 was $5.4 million and $11.4 million, respectively. The aggregate intangible amortization expense for the three and nine months ended September 30, 2011 was $12.0 million and $30.4 million, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):

	Amount
Three months ended December 31, 2011	$	12,392
Year ended December 31:
2012		45,504
2013		39,517
2014		23,636
2015		17,475
Thereafter		9,021
Total	$	147,545

- 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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