XML 41 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill since January 1, 2015, by reportable segment and for the "Other” category, were as follows:

 

In thousands

 

 

 

Domestic Regulated Waste and Compliance Services

 

 

International Regulated Waste and Compliance Services

 

 

Other

 

 

Total

 

Balance as of January 1, 2015

 

$

1,467,969

 

 

$

614,783

 

 

$

336,080

 

 

$

2,418,832

 

Goodwill acquired during the year

 

 

1,150,437

 

 

 

273,519

 

 

 

26,994

 

 

 

1,450,950

 

Purchase accounting allocation adjustments for prior year acquisitions

 

 

(6,221

)

 

 

(19,072

)

 

 

(2,984

)

 

 

(28,277

)

Goodwill other changes

 

 

 

 

 

(440

)

 

 

 

 

 

(440

)

Changes due to foreign currency fluctuations

 

 

 

 

 

(82,888

)

 

 

 

 

 

(82,888

)

Balance as of December 31, 2015

 

 

2,612,185

 

 

 

785,902

 

 

 

360,090

 

 

 

3,758,177

 

Goodwill acquired during the year

 

 

29,171

 

 

 

4,422

 

 

 

 

 

 

33,593

 

Purchase accounting allocation adjustments for prior year acquisitions

 

 

(128,076

)

 

 

(97,197

)

 

 

1,150

 

 

 

(224,123

)

Changes due to foreign currency fluctuations

 

 

 

 

 

(9,364

)

 

 

 

 

 

(9,364

)

Balance at June 30, 2016

 

$

2,513,280

 

 

$

683,763

 

 

$

361,240

 

 

$

3,558,283

 

 

Carrying Values of Other Intangible assets

At June 30, 2016 and December 31, 2015, the values of other intangible assets were as follows:

 

In thousands

 

 

 

June 30, 2016

 

 

December 31, 2015

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Value

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

1,539,892

 

 

$

210,224

 

 

$

1,329,668

 

 

$

1,304,388

 

 

$

144,020

 

 

$

1,160,368

 

Covenants not-to-compete

 

 

9,875

 

 

 

6,137

 

 

 

3,738

 

 

 

6,878

 

 

 

5,141

 

 

 

1,737

 

Tradenames

 

 

7,513

 

 

 

1,540

 

 

 

5,973

 

 

 

3,819

 

 

 

948

 

 

 

2,871

 

Other

 

 

19,403

 

 

 

2,497

 

 

 

16,906

 

 

 

18,902

 

 

 

916

 

 

 

17,986

 

Indefinite lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating permits

 

 

241,208

 

 

 

 

 

 

241,208

 

 

 

233,101

 

 

 

 

 

 

233,101

 

Tradenames

 

 

480,741

 

 

 

 

 

 

480,741

 

 

 

426,498

 

 

 

 

 

 

426,498

 

Total

 

$

2,298,632

 

 

$

220,398

 

 

$

2,078,234

 

 

$

1,993,586

 

 

$

151,025

 

 

$

1,842,561

 

 

Changes in the Carrying Amount of Intangible Assets

The changes in the carrying amount of intangible assets since January 1, 2015 were as follows:

 

In thousands

 

 

 

Total

 

Balance as of January 1, 2015

 

$

909,645

 

Intangible assets acquired during the year

 

 

1,016,775

 

Valuation adjustments for prior year acquisitions

 

 

35,241

 

Impairments during the year

 

 

(4,177

)

Amortization during the year

 

 

(45,498

)

Changes due to foreign currency fluctuations

 

 

(69,425

)

Balance as of December 31, 2015

 

 

1,842,561

 

Intangible assets acquired during the year

 

 

18,853

 

Valuation adjustments for prior year acquisitions

 

 

294,792

 

Amortization during the year

 

 

(69,183

)

Changes due to foreign currency fluctuations

 

 

(8,789

)

Balance at June 30, 2016

 

$

2,078,234

 

 

Estimated Amortization Expense

The estimated amortization expense for each of the next five years, assuming no additional amortizable intangible assets, is as follows for the years ended December 31:

 

In thousands

 

2016

 

$

123,660

 

2017

 

 

114,502

 

2018

 

 

114,453

 

2019

 

 

113,680

 

2020

 

 

112,703