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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 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

 

 

September 30, 2019

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

340,395

 

 

$

6,336

 

 

$

 

 

$

346,731

 

Institutional Group

 

 

694,284

 

 

 

117,108

 

 

 

 

 

 

811,392

 

 

 

$

1,034,679

 

 

$

123,444

 

 

$

 

 

$

1,158,123

 

 

 

 

December 31, 2018

 

 

Net Additions

 

 

Amortization

 

 

September 30, 2019

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

60,532

 

 

$

 

 

$

(5,527

)

 

$

55,005

 

Institutional Group

 

 

59,123

 

 

 

7,743

 

 

 

(5,433

)

 

 

61,433

 

 

 

$

119,655

 

 

$

7,743

 

 

$

(10,960

)

 

$

116,438

 

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

 

 

September 30, 2019

 

 

December 31, 2018

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

168,110

 

 

$

72,794

 

 

$

160,745

 

 

$

65,254

 

Trade name

 

 

27,131

 

 

 

13,200

 

 

 

26,831

 

 

 

11,755

 

Core deposits

 

 

8,615

 

 

 

2,474

 

 

 

8,615

 

 

 

816

 

Non-compete agreements

 

 

2,714

 

 

 

1,794

 

 

 

2,603

 

 

 

1,452

 

Investment banking backlog

 

 

1,445

 

 

 

1,315

 

 

 

1,431

 

 

 

1,293

 

 

 

$

208,015

 

 

$

91,577

 

 

$

200,225

 

 

$

80,570

 

    

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

Fiscal year

 

 

 

 

Remainder of 2019

 

$

3,493

 

2020

 

 

13,573

 

2021

 

 

12,718

 

2022

 

 

11,903

 

2023

 

 

11,234

 

Thereafter

 

 

61,399

 

 

 

$

114,320