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Note 5 - Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

 (5)              Goodwill and Intangible Assets


Goodwill by segment at December 31, 2012 and 2013 consists of the following (in thousands) (1):


   

United

           

United

                 
   

States

   

Canada

   

Kingdom

   

Australia

   

Total

 

Balance at December 31, 2011

  $ 247,940     $ 21,287     $ 31,033     $ —     $ 300,260  

Goodwill acquired during the year

    13,776       419       —       46,178       60,373  

Adjustments to prior year acquisitions

    4,805       (1,383 )     3,687       —       7,109  

Effect of foreign currency translation

    —       718       1,398       285       2,401  

Balance at December 31, 2012

    266,521       21,041       36,118       46,463       370,143  

Goodwill acquired during the year

    350       —       2,674       —       3,024  

Adjustments to prior year acquisitions

    6,199       —       —       (592 )     5,607  

Effect of foreign currency translation

    —       (1,762 )     801       (8,501 )     (9,462 )

Balance at December 31, 2013

  $ 273,070     $ 19,279     $ 39,593     $ 37,370     $ 369,312  

 

(1)

Goodwill recorded in connection with certain tax benefits to be realized in the Company’s U.S. income tax returns has been reflected in the United States segment.


Intangible assets at December 31, 2012 and 2013, consist of the following (in thousands):


  

 

  

 

 

  

December 31, 2012

 

  

Estimated

useful lives

(months)

 

  

Gross

carrying

amount

  

  

Accumulated

amortization

  

  

Net

carrying

value

  

Amortizable intangible assets:

 

  

 

 

  

 

  

  

 

  

  

 

  

Customer relationships

40

 to  

60

 

  

$

204,699

  

  

$

(90,040)

 

  

$

114,659

  

Tradenames

45

 to  

84

 

  

  

60,620

  

  

  

(24,413)

 

  

  

36,207

  

Covenants not to compete

 

36

 

 

  

  

3,116

  

  

  

(2,313)

 

  

  

803

  

Technology

24

to

40

 

  

  

7,530

  

  

  

(6,303)

 

  

  

1,227

  

Totals

 

  

 

 

  

$

275,965

  

  

$

(123,069)

  

  

$

152,896

  


 

 

 

 

 

 

December 31, 2013

 

 

Estimated

useful lives

(months)

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

 

Net

carrying

value

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

40

to

60

 

 

$

201,395

 

 

$

(132,153)

 

 

$

69,242

 

Tradenames

45

to

84

 

 

 

59,813

 

 

 

(36,164)

 

 

 

23,649

 

Covenants not to compete

 

36

 

 

 

 

4,714

 

 

 

(2,986)

 

 

 

1,728

 

Technology

24

to

40

 

 

 

7,507

 

 

 

(7,262)

 

 

 

245

 

Totals

 

 

 

 

 

$

273,429

 

 

$

(178,565)

 

 

$

94,864

 


The aggregate intangible amortization expense was $43.4 million, and $53.0 million and $57.0 million for the years ended December 31, 2011, 2012 and 2013, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):


   

Amount

 

Years ended December 31:

       

2014

  $ 39,396  

2015

    30,040  

2016

    16,353  

2017

    8,660  

2018

    415  

Total

  $ 94,864