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Note 5 - Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]

(5)

Goodwill and Intangible Assets


Goodwill by segment at December 31, 2013 and June 30, 2014 consists of the following (in thousands) (1):


   

United

           

United

                 
   

States

   

Canada

   

Kingdom

   

Australia

   

Total

 

Balance at December 31, 2013

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

Goodwill acquired during the year

    125,764             1,588       8,478       135,830  

Adjustments to prior year acquisitions

    64             (373 )           (309 )

Effect of foreign currency translation

          (78 )     1,478       3,651       5,051  

Balance at June 30, 2014

  $ 398,898     $ 19,201     $ 42,286     $ 49,499     $ 509,884  

 

(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, 2013 and June 30, 2014, consist of the following (in thousands):


           

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  

           

June 30, 2014

 
   

Estimated

useful lives

(months)

   

Gross

carrying

amount

   

Accumulated

amortization

   

Net

carrying

value

 

Amortizable intangible assets:

                               

Customer relationships

 

40 to 60

    $ 252,349     $ (153,112 )   $ 99,237  

Tradenames

 

45 to 84

      73,338       (42,422 )     30,916  

Covenants not to compete

 

36

      6,193       (3,567 )     2,626  

Technology

 

24 to 40

      9,482       (7,737 )     1,745  

Totals

          $ 341,362     $ (206,838 )   $ 134,524  

The aggregate intangible amortization expense for the three and six months ended June 30, 2013 was $14.5 million and $29.4 million, respectively. The aggregate intangible amortization expense for the three and six months ended June 30, 2014 was $13.3 million and $26.2 million, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):


   

Amount

 

Six months ended December 31, 2014

  $ 27,966  

Year ended December 31:

       

2015

    48,532  

2016

    34,584  

2017

    21,227  

2018

    1,685  

Thereafter

    530  

Total

  $ 134,524