Goodwill and Identifiable Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets

Goodwill and Identifiable Intangible Assets. The changes in the carrying amount of goodwill for the year ended December 31, 2011 and the nine months ended September 30, 2012 were as follows (in thousands):



	Apex		Oxford		Life Sciences			Healthcare			Physician			Total
Balance as of December 31, 2010
Gross goodwill	$	—	$	149,483	$	12,561		$	122,230		$	37,163		$	321,437
Accumulated impairment loss	—		—		—			(121,717		)	—			(121,717		)
	—		149,483		12,561			513			37,163			199,720
Valesta acquisition (see Note 3)	—		—		16,097			—			—			16,097
HCP acquisition (see Note 3)	—		—		—			—			14,407			14,407
Translation adjustment	—		—		(990		)	—			—			(990		)
Balance as of December 31, 2011
Gross goodwill	—		149,483		27,668			122,230			51,570			350,951
Accumulated impairment loss	—		—		—			(121,717		)	—			(121,717		)
	—		149,483		27,668			513			51,570			229,234
Apex acquisition (see Note 3)	266,716		—		—			—			—			266,716
Acquisition accounting	—		—		991			—			(9		)	982
Translation adjustment	—		—		81			—			—			81
Balance as of September 30, 2012
Gross goodwill	266,716		149,483		28,740			122,230			51,561			618,730
Accumulated impairment loss	—		—		—			(121,717		)	—			(121,717		)
	$	266,716	$	149,483	$	28,740		$	513		$	51,561		$	497,013

As of September 30, 2012 and December 31, 2011, the Company had the following acquired intangible assets (in thousands):



		September 30, 2012						December 31, 2011
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets subject to amortization:
Customer relations	3 months – 10 years	$	103,223	$	12,316	$	90,907	$	11,077	$	7,891	$	3,186
Contractor relations	2 - 7 years	37,864		27,023		10,841		27,276		25,599		1,677
Non-compete agreements	2 - 7 years	2,975		924		2,051		899		604		295
		144,062		40,263		103,799		39,252		34,094		5,158
Intangible assets not subject to amortization:
Trademarks		171,786		—		171,786		25,048		—		25,048
Goodwill		497,013		—		497,013		229,234		—		229,234
Total		$	812,861	$	40,263	$	772,598	$	293,534	$	34,094	$	259,440

Amortization expense for intangible assets with finite lives was $3.3 million and $0.7 million for the three months ended September 30, 2012 and 2011, respectively. Amortization expense for intangible assets with finite lives was $6.2 million and $1.6 million for the nine months ended September 30, 2012 and 2011, respectively. Estimated amortization for the remainder of this fiscal year, each of the next four fiscal years and thereafter follows (in thousands):



2012	$	3,466
2013	13,081
2014	12,095
2015	11,846
2016	11,812
Thereafter	51,499
	$	103,799

Goodwill and other intangible assets having an indefinite useful life are not amortized for financial statement purposes. Goodwill and intangible assets with indefinite lives are reviewed for impairment on an annual basis as of December 31 and whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. There were no triggering events that required an interim impairment analysis during the current period.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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