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Note 5 - Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Text Block]

(5) Goodwill and Intangible Assets

Goodwill at December 31, 2011 and June 30, 2012 consists of the following (in thousands):

	December 31, 2011			June 30, 2012
Balance at beginning of period	$	90,582		$	300,260
Goodwill acquired during the period		209,619			—
Adjustments to prior year acquisitions		1,799			4,056
Effect of foreign currency translation		(1,740	)		299
Balance at end of period	$	300,260		$	304,615

Intangible assets at December 31, 2011 and June 30, 2012, consist of the following (in thousands):

				December 31, 2011
	Estimated useful lives (months)			Gross carrying amount		Accumulated amortization				Net carrying carrying value
Amortizable intangible assets:
Customer relationships	40	to	60	$	157,826		$	(50,438	)		$	107,388
Tradenames	45	to	84		48,046			(13,277	)			34,769
Covenants not to compete		36			2,784			(1,587	)			1,197
Technology	24	to	40		6,750			(3,936	)			2,814
Totals				$	215,406		$	(69,238	)		$	146,168

				June 30, 2012
	Estimated useful lives (months)			Gross carrying amount		Accumulated amortization			Net carrying value
Amortizable intangible assets:
Customer relationships	40	to	60	$	158,338	$	(68,712	)	$	89,626
Tradenames	45	to	84		48,185		(18,473	)		29,712
Covenants not to compete		36			2,789		(1,975	)		814
Technology	24	to	40		6,773		(5,239	)		1,534
Totals				$	216,085	$	(94,399	)	$	121,686

For the three and six months ended June 30, 2011, the aggregate intangible amortization expense was $10.5 million and $18.4 million, respectively. For the three and six months ended June 30, 2012, the aggregate intangible amortization expense was $12.4 million and $25.2 million, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):

	Amount
Six months ended December 31, 2012	$	24,127
Year ended December 31:
2013		43,005
2014		27,060
2015		18,473
2016		6,117
Thereafter		2,904
Total	$	121,686

- 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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