Note 5 - Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Text Block]

(5) Goodwill and Intangible Assets

Goodwill by segment at December 31, 2015 and March 31, 2016 consists of the following (in thousands) (1):

	United				United
	States		Canada		Kingdom			Australia		Total
Balance at December 31, 2015	$	412,502	$	15,364	$	49,428		$	31,003	$	508,297
Goodwill acquired during the year		70,378		—		—			—		70,378
Adjustments to prior year acquisitions		738		2		(251	)		—		489
Effect of foreign currency translation		—		1,435		(1,531	)		2,311		2,215
Balance at March 31, 2016	$	483,618	$	16,801	$	47,646		$	33,314	$	581,379

(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, 2015 and March 31, 2016, consist of the following (in thousands):

				December 31, 2015
	Estimated useful lives (months)			Gross carrying amount		Accumulated amortization			Net carrying value
Amortizable intangible assets:
Customer relationships	40	to	60	$	263,293	$	(199,266	)	$	64,027
Tradenames	45	to	84		68,172		(52,354	)		15,818
Covenants not to compete		36			10,254		(6,047	)		4,207
Technology	24	to	40		9,014		(8,393	)		621
Totals				$	350,733	$	(266,060	)	$	84,673

				March 31, 2016
	Estimated useful lives (months)			Gross carrying amount		Accumulated amortization			Net carrying value
Amortizable intangible assets:
Customer relationships	40	to	60	$	296,657	$	(212,493	)	$	84,164
Tradenames	45	to	84		75,323		(54,651	)		20,672
Covenants not to compete		36			10,729		(6,605	)		4,124
Technology	24	to	40		8,973		(8,524	)		449
Totals				$	391,682	$	(282,273	)	$	109,409

The aggregate intangible amortization expense was $13.1 million and $14.7 million for the three months ended March 31, 2015 and 2016, respectively. The estimated future amortization expense of intangible assets is as follows (in thousands):

	Amount
Nine months ended December 31, 2016	$	37,682
Years ended December 31:
2017		40,480
2018		21,131
2019		10,062
2020		54
Total	$	109,409

- 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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