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Note 5 - Goodwill and Intangible Assets
9 Months Ended
Sep. 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 September 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

    127,691             1,629       9,241       138,561  

Adjustments to prior year acquisitions

    64             (373 )           (309 )

Effect of foreign currency translation

          (1,206 )     (668 )     (1,063 )     (2,937 )

Balance at September 30, 2014

  $ 400,825     $ 18,073     $ 40,181     $ 45,548     $ 504,627  

 

(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 September 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  

                           

September 30, 2014

 
   

Estimated

useful lives

(months)

   

Gross

carrying

amount

   

Accumulated

amortization

   

Net

carrying

value

 

Amortizable intangible assets:

                                               

Customer relationships

    40       to       60     $ 247,699     $ (160,395 )   $ 87,304  

Tradenames

    45       to       84       71,924       (44,300 )     27,624  

Covenants not to compete

            36               6,487       (3,818 )     2,669  

Technology

    24       to       40       9,323       (7,815 )     1,508  

Totals

                          $ 335,433     $ (216,328 )   $ 119,105  

The aggregate intangible amortization expense for the three and nine months ended September 30, 2013 was $14.5 million and $43.9 million, respectively. The aggregate intangible amortization expense for the three and nine months ended September 30, 2014 was $14.0 million and $40.2 million, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):


   

Amount

 

Three months ended December 31, 2014

  $ 13,712  

Year ended December 31:

       

2015

    47,841  

2016

    34,153  

2017

    21,086  

2018

    1,775  

Thereafter

    538  

Total

  $ 119,105