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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in goodwill

 

                                                                                                                                                                                    

 

$s in thousands

 

2014

 

2013

 

Balance, beginning of year

 

$

21,693

 

$

23,105

 

EQ acquisition

 

 

197,163

 

 

 

Foreign currency translation

 

 

(1,684

)

 

(1,412

)

​  

​  

​  

​  

Balance, end of year

 

$

217,172

 

$

21,693

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of intangible assets

 

                                                                                                                                                                                    

 

 

 

2014

 

2013

 

$s in thousands

 

Cost

 

Accumulated
Amortization

 

Net

 

Cost

 

Accumulated
Amortization

 

Net

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Permits, licenses and lease

 

$

113,693

 

$

(4,427

)

$

109,266

 

$

26,264

 

$

(2,536

)

$

23,728

 

Customer relationships

 

 

103,086

 

 

(4,488

)

 

98,598

 

 

5,005

 

 

(731

)

 

4,274

 

Technology—formulae and processes

 

 

7,844

 

 

(1,009

)

 

6,835

 

 

8,551

 

 

(826

)

 

7,725

 

Customer backlog

 

 

4,600

 

 

(246

)

 

4,354

 

 

 

 

 

 

 

Tradename

 

 

5,481

 

 

(979

)

 

4,502

 

 

 

 

 

 

 

Developed software

 

 

3,745

 

 

(428

)

 

3,317

 

 

329

 

 

(185

)

 

144

 

Non-compete agreements

 

 

920

 

 

(462

)

 

458

 

 

20

 

 

(20

)

 

 

Internet domain and website

 

 

869

 

 

(24

)

 

845

 

 

 

 

 

 

 

Database

 

 

667

 

 

(72

)

 

595

 

 

94

 

 

(43

)

 

51

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total amortizing intangible assets

 

 

240,905

 

 

(12,135

)

 

228,770

 

 

40,263

 

 

(4,341

)

 

35,922

 

Nonamortizing intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Permits and licenses

 

 

49,750

 

 

 

 

49,750

 

 

750

 

 

 

 

750

 

Tradename

 

 

147

 

 

 

 

147

 

 

160

 

 

 

 

160

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total intangible assets

 

$

290,802

 

$

(12,135

)

$

278,667

 

$

41,173

 

$

(4,341

)

$

36,832

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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Schedule of future amortization expense of amortizing intangible assets, including the amortization of the preliminary values assigned to EQ amortizing intangible assets

 

                                                                                                                                                                                    

 

$s in thousands

 

Expected
Amortization

 

2015

 

$

13,226 

 

2016

 

 

12,545 

 

2017

 

 

11,562 

 

2018

 

 

10,689 

 

2019

 

 

10,689 

 

Thereafter

 

 

170,059 

 

​  

​  

 

 

$

228,770 

 

​  

​  

​  

​  

​