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Goodwill And Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
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, 2017

 

 

Adjustments

 

 

Write-off

 

 

September 30, 2018

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

276,477

 

 

$

54,969

 

 

$

 

 

$

331,446

 

Institutional Group

 

 

692,357

 

 

 

1,911

 

 

 

 

 

 

694,268

 

 

 

$

968,834

 

 

$

56,880

 

 

$

 

 

$

1,025,714

 

 

 

 

December 31, 2017

 

 

Net Additions

 

 

Amortization

 

 

September 30, 2018

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

44,525

 

 

$

17,180

 

 

$

(3,662

)

 

$

58,043

 

Institutional Group

 

 

65,102

 

 

 

857

 

 

 

(5,079

)

 

 

60,880

 

 

 

$

109,627

 

 

$

18,037

 

 

$

(8,741

)

 

$

118,923

 

 

Intangible Assets Subject To Amortization

Intangible assets subject to amortization as of September 30, 2018 and December 31, 2017 were as follows (in thousands):

 

 

September 30, 2018

 

 

December 31, 2017

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

156,240

 

 

$

62,822

 

 

$

146,986

 

 

$

55,809

 

Trade name

 

 

24,713

 

 

 

11,373

 

 

 

24,713

 

 

 

10,228

 

Non-compete agreements

 

 

2,603

 

 

 

1,388

 

 

 

2,598

 

 

 

1,202

 

Investment banking backlog

 

 

1,431

 

 

 

1,214

 

 

 

1,419

 

 

 

968

 

Estimated BBI intangibles (1)

 

 

8,615

 

 

 

 

 

 

 

 

 

 

 

 

$

193,602

 

 

$

76,797

 

 

$

175,716

 

 

$

68,207

 

 

(1)  See discussion regarding the allocation of the estimated goodwill and intangibles recorded for the BBI acquisition.

Amortization Expense In Future Periods

As of September 30, 2018, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year

 

 

 

 

Remainder of 2018

 

$

3,382

 

2019

 

 

12,974

 

2020

 

 

12,757

 

2021

 

 

12,258

 

2022

 

 

11,798

 

Thereafter

 

 

63,636

 

 

 

$

116,805