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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2012
Changes to Carrying Amount of Goodwill by Reporting Unit

The following table presents changes to the carrying amount of goodwill by reporting unit during the six months ended June 30, 2012 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

Consulting

 

Events

 

Total

 

 

 


 


 


 


 

Balance, December 31, 2011

 

$

366,980

 

$

99,677

 

$

41,893

 

$

508,550

 

Addition due to acquisition (1)

 

 

7,455

 

 

 

 

 

 

7,455

 

Foreign currency translation adjustments

 

 

(1,005

)

 

34

 

 

(32

)

 

(1,003

)

 

 



 



 



 



 

Balance, June 30, 2012 (2)

 

$

373,430

 

$

99,711

 

$

41,861

 

$

515,002

 

 

 



 



 



 



 


 

 

 


(1)

The Company acquired Ideas International in the second quarter of 2012 and recorded $7.5 million of goodwill. All of the recorded goodwill resulting from the acquisition has been included in the Research segment. See Note 2—Acquisition above for additional information.

 

(2)

The Company does not have any accumulated goodwill impairment losses.

Carrying Amounts of Amortizable Intangible Assets

The following tables present the carrying amounts of amortizable intangible assets as of the periods indicated (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

Trade
Name

 

Customer
Relationships

 

Content

 

Software

 

Total

 


 


 


 


 


 


 

Gross cost (1)

 

$

6,006

 

$

10,468

 

$

3,269

 

$

1,887

 

$

21,630

 

Accumulated amortization (2)

 

 

(2,890

)

 

(4,569

)

 

(68

)

 

(51

)

 

(7,578

)

 

 



 



 



 



 



 

Net

 

$

3,116

 

$

5,899

 

$

3,201

 

$

1,836

 

$

14,052

 

 

 



 



 



 



 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Trade
Name

 

Customer
Relationships

 

Total

 

 

 

 

 


 


 


 


 

 

 

 

 

Gross cost

 

$

5,758

 

$

7,210

 

$

12,968

 

 

 

 

 

 

 

Accumulated amortization (2)

 

 

(2,303

)

 

(3,605

)

 

(5,908

)

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 

Net

 

$

3,455

 

$

3,605

 

$

7,060

 

 

 

 

 

 

 

 

 



 



 



 

 

 

 

 

 

 


 

 

 


(1)

The Company acquired Ideas International in the second quarter of 2012 and recorded $8.4 million of amortizable intangible assets, allocated as follows: Trade Name—$0.2 million; Customer Relationships—$3.2 million; Content—$3.2 million; and Software—$1.8 million.

 

(2)

Intangible assets are being amortized against earnings over the following periods: Trade name—2 to 5 years; Customer relationships—4 years; Content—4 years; Software—3 years.

Estimated Future Amortization Expense by Year from Amortizable Intangibles

The estimated future amortization expense by year from amortizable intangibles is as follows (in thousands):

 

 

 

 

 

2012 (remaining six months)

 

$

2,660

 

2013

 

 

5,300

 

2014

 

 

3,425

 

2015

 

 

1,840

 

2016

 

 

827

 

 

 



 

 

 

$

14,052