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GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2014
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

NOTE 4: GOODWILL AND INTANGIBLE ASSETS

        The change in the carrying amount of goodwill for the years ended December 31, 2014 and 2013 was as follows:

                                                                                                                                                                                    

 

 

Technology

 

Bankruptcy
and Settlement
Administration

 

Total

 

 

 

(in thousands)

 

Balance as of January 1, 2013

 

$

189,248

 

$

214,963

 

$

404,211

 

Foreign currency translation and other

 

 

91

 

 

 

 

91

 

​  

​  

​  

​  

​  

​  

Balance as of December 31, 2013

 

$

189,339

 

$

214,963

 

$

404,302

 

Acquisition

 

 

 

 

153

 

 

153

 

Foreign currency translation and other

 

 

(268

)

 

 

 

(268

)

​  

​  

​  

​  

​  

​  

Balance as of December 31, 2014

 

$

189,071

 

$

215,116

 

$

404,187

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        Identifiable intangible assets as of December 31, 2014 and 2013 consisted of the following:

                                                                                                                                                                                    

 

 

December 31, 2014

 

December 31, 2013

 

 

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

 

 

(in thousands)

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

124,512 

 

$

100,840 

 

$

124,512 

 

$

90,274 

 

Trade names

 

 

6,591 

 

 

3,312 

 

 

6,591 

 

 

2,481 

 

Technology

 

 

1,142 

 

 

86 

 

 

 

 

 

Non-compete agreements

 

 

18,947 

 

 

17,349 

 

 

18,947 

 

 

16,178 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

151,192 

 

$

121,587 

 

$

150,050 

 

$

108,933 

 

​  

​  

​  

​  

​  

​  

​  

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​  

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        Customer relationships, trade names, technology and non-compete agreements carry a weighted average life of 6.9 years, 7.9 years, 10 years and 5 years, respectively.

        Aggregate amortization expense related to amortizing intangible assets was $12.7 million, $18.8 million and $26.6 million for the years ended December 31, 2014, 2013, and 2012, respectively.

        The following table outlines the estimated future amortization expense related to amortizing intangible assets held at December 31, 2014:

                                                                                                                                                                                    

Year Ending December 31,

 

(in thousands)

 

2015

 

$

10,007 

 

2016

 

 

6,346 

 

2017

 

 

5,504 

 

2018

 

 

3,548 

 

2019

 

 

2,870 

 

2020 and thereafter

 

 

1,330 

 

​  

​  

Total

 

$

29,605 

 

​  

​  

​  

​  

​