Note 8. Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2016

Notes

Note 8. Goodwill and Other Intangible Assets

Note 8.                        Goodwill and Other Intangible Assets

Certain prior year balances of goodwill and intangible assets were reclassified to assets attributable to discontinued operations on the accompanying Condensed Consolidated Balance Sheet as of December 31, 2015 to conform to the 2016 presentation (see Notes 1 and 3).

The carrying amount of goodwill was $47,276,000 at June 30, 2016 and December 31, 2015.

The Company has net other intangible assets of $13,907,000 and $14,598,000 at June 30, 2016 and December 31, 2015, respectively, which are included in other assets in the Condensed Consolidated Balance Sheets. These intangible assets consist of: (i) finite-lived intangible assets, principally the fair value of acquired agent and broker relationships, which are subject to amortization; and (ii) indefinite-lived intangible assets which consist of the estimated fair value of insurance licenses that are not subject to amortization.

The gross carrying amounts of these other intangible assets are as follows for the periods indicated (in thousands):

		June 30, 2016				December 31, 2015
		Gross				Gross
		Carrying		Accumulated		Carrying		Accumulated
		Amount		Amortization		Amount		Amortization
Finite-lived Intangible Assets:
Agent and broker relationships	$	18,201	$	13,120	$	18,201	$	12,497
Trademarks		1,000		151		1,000		83
Total finite-lived	$	19,201	$	13,271	$	19,201	$	12,580

		June  30,		December 31,
		2016		2015
Indefinite-lived Intangible Assets:
Insurance licenses	$	7,977	$	7,977
Total indefinite-lived	$	7,977	$	7,977

Amortization expense was $351,000 and $691,000 for the three months and six months ended June 30, 2016, respectively, and was $382,000 and $645,000 for the three months and six months ended June 30, 2015.