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Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Company's Intangible Assets

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

 

 

Initial Weighted

Average

Amortization

 

 

September 30, 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

 

 

$

(83,938

)

 

$

78,897

 

 

$

162,835

 

 

$

(73,764

)

 

$

89,071

 

Other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

4.2

 

 

$

7,500

 

 

$

(7,014

)

 

$

486

 

 

$

7,463

 

 

$

(6,633

)

 

$

830

 

Trademarks

 

14.8

 

 

 

2,870

 

 

 

(1,380

)

 

 

1,490

 

 

 

2,935

 

 

 

(1,279

)

 

 

1,656

 

Total other intangible assets

7.1

 

 

$

10,370

 

 

$

(8,394

)

 

$

1,976

 

 

$

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

$

3,548

 

2015

 

14,034

 

2016

 

13,794

 

2017

 

9,879

 

2018

 

6,264

 

Thereafter

 

33,354

 

 

$

80,873

 

  

Schedule of Changes in Goodwill

Amounts recorded as goodwill in the accompanying Condensed Consolidated Balance Sheets are attributable to the Company’s Real Estate Franchise Services reportable segment. The following table presents changes to goodwill for the nine months ended September 30, 2014 (in thousands):

 

Balance, January 1, 2014

$

72,781

 

Effect of changes in foreign currency exchange rates

 

(165

)

Balance, September 30, 2014

$

72,616