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Goodwill And Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount Of Goodwill And Intangible Assets

The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):

 

 

December 31, 2015

 

 

Adjustments

 

 

Impairment Losses

 

 

March 31, 2016

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

269,384

 

 

$

(17,679

)

 

$

 

 

$

251,705

 

Institutional Group

 

 

646,218

 

 

 

76,343

 

 

 

 

 

722,561

 

 

 

$

915,602

 

 

$

58,664

 

 

$

 

 

$

974,266

 

 

 

 

December 31, 2015

 

 

Net Additions

 

 

Amortization

 

 

March 31, 2016

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

27,964

 

 

$

11,120

 

 

$

(1,420

)

 

$

37,664

 

Institutional Group

 

 

35,213

 

 

 

21,599

 

 

 

(1,554

)

 

 

55,258

 

 

 

$

63,177

 

 

$

32,719

 

 

$

(2,974

)

 

$

92,922

 

 

Intangible Assets Subject To Amortization

Intangible assets subject to amortization as of March 31, 2016 and December 31, 2015 were as follows (in thousands):

 

 

March 31, 2016

 

 

December 31, 2015

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

115,184

 

 

$

38,622

 

 

$

78,580

 

 

$

37,322

 

Trade name

 

 

20,794

 

 

 

7,964

 

 

 

24,456

 

 

 

6,969

 

Investment banking backlog

 

 

7,635

 

 

 

7,462

 

 

 

7,440

 

 

 

7,388

 

Non-compete agreements

 

 

1,953

 

 

 

714

 

 

 

2,517

 

 

 

255

 

 

 

$

145,566

 

 

$

54,762

 

 

$

112,993

 

 

$

51,934

 

 

Amortization Expense In Future Periods

As of March 31, 2016, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year

 

 

 

 

Remainder of 2016

 

$

7,024

 

2017

 

 

8,701

 

2018

 

 

8,068

 

2019

 

 

7,836

 

2020

 

 

7,618

 

Thereafter

 

 

51,557

 

 

 

$

90,804