Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2014

Components of Company's Intangible Assets

The following table provides the components of the Company’s intangible assets (in thousands):

	Initial Weighted Average Amortization		March 31, 2014							December 31, 2013
	Period (in years)		Initial Cost		Accumulated Amortization			Net Balance		Initial Cost		Accumulated Amortization			Net Balance
Franchise agreements		12.0	$	162,835	$	(77,155	)	$	85,680	$	162,835	$	(73,764	)	$	89,071
Other intangible assets:
Software		4.2	$	7,491	$	(6,772	)	$	719	$	7,463	$	(6,633	)	$	830
Trademarks		14.9		2,959		(1,323	)		1,636		2,935		(1,279	)		1,656
Total other intangible assets			$	10,450	$	(8,095	)	$	2,355	$	10,398	$	(7,912	)	$	2,486

Estimated Future Amortization of Intangible Assets, Other than Goodwill

The estimated future amortization of intangible assets, other than goodwill, is as follows (in thousands):

Year ending December 31:
Remainder of 2014	$	10,654
2015		14,022
2016		13,782
2017		9,877
2018		6,269
Thereafter		33,431
	$	88,035

Schedule of Changes in Goodwill

Amounts recorded as goodwill in the Company’s accompanying Condensed Consolidated Balance Sheets are attributable to the Company’s Real Estate Franchise Services reportable segment. During 2013, the Company performed its annual assessment of goodwill and the fair value of the Company’s reporting units significantly exceeded the carrying value and no interim indicators of impairment have been identified. The following table presents changes to goodwill for the three months ended March 31, 2014 (in thousands):

Balance, January 1, 2014	$	72,781
Effect of changes in foreign currency exchange rates		(131	)
Balance, March 31, 2014	$	72,650