XML 55 R44.htm IDEA: XBRL DOCUMENT v3.19.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
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, 2018

 

 

Adjustments

 

 

Write-off

 

 

June 30, 2019

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

340,395

 

 

$

6,336

 

 

$

 

 

$

346,731

 

Institutional Group

 

 

694,284

 

 

 

15,342

 

 

 

 

 

 

709,626

 

 

 

$

1,034,679

 

 

$

21,678

 

 

$

 

 

$

1,056,357

 

 

 

 

December 31, 2018

 

 

Net Additions

 

 

Amortization

 

 

June 30, 2019

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

60,532

 

 

$

 

 

$

(3,675

)

 

$

56,857

 

Institutional Group

 

 

59,123

 

 

 

7,212

 

 

 

(3,465

)

 

 

62,870

 

 

 

$

119,655

 

 

$

7,212

 

 

$

(7,140

)

 

$

119,727

 

Intangible Assets Subject To Amortization Intangible assets subject to amortization as of June 30, 2019 and December 31, 2018 were as follows (in thousands):

 

 

June 30, 2019

 

 

December 31, 2018

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

167,624

 

 

$

70,274

 

 

$

160,745

 

 

$

65,254

 

Trade name

 

 

27,131

 

 

 

12,540

 

 

 

26,831

 

 

 

11,755

 

Core deposits

 

 

8,615

 

 

 

1,940

 

 

 

8,615

 

 

 

816

 

Non-compete agreements

 

 

2,714

 

 

 

1,736

 

 

 

2,603

 

 

 

1,452

 

Investment banking backlog

 

 

1,445

 

 

 

1,312

 

 

 

1,431

 

 

 

1,293

 

 

 

$

207,529

 

 

$

87,802

 

 

$

200,225

 

 

$

80,570

 

    

Amortization Expense In Future Periods As of June 30, 2019, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year

 

 

 

 

Remainder of 2019

 

$

7,020

 

2020

 

 

13,576

 

2021

 

 

12,721

 

2022

 

 

11,906

 

2023

 

 

11,246

 

Thereafter

 

 

61,140

 

 

 

$

117,609