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Intangible Assets, Net
9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

3. Intangible Assets, Net

Intangible assets, net are summarized as follows:

 

     September 30,     December 31,  
     2014     2013  
($ in thousands)             

Definite-lived intangible assets:

    

Investment contracts

   $ 158,747      $ 157,882   

Accumulated amortization

     (148,453     (145,665
  

 

 

   

 

 

 

Definite-lived intangible assets, net

     10,294        12,217   

Indefinite-lived intangible assets

     32,416        32,416   
  

 

 

   

 

 

 

Total intangible assets, net

   $ 42,710      $ 44,633   
  

 

 

   

 

 

 

Activity in intangible assets, net is as follows:

 

     Nine Months Ended
September 30,
 
     2014     2013  
($ in thousands)             

Intangible assets, net

    

Balance, beginning of period

   $ 44,633      $ 48,711   

Purchases

     1,075       356   

Amortization

     (2,998     (3,160
  

 

 

   

 

 

 

Balance, end of period

   $ 42,710      $ 45,907