GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2012

GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS

NOTE 9. GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS

The following table summarizes the activity in goodwill for the periods indicated:


	Nine Months Ended								Year ended
	September 30, 2012								December 31, 2011
	MIS		MA			Consolidated			MIS			MA			Consolidated
Beginning Balance	$	11.0	$	631.9		$	642.9		$	11.4		$	454.1		$	465.5
Additions/adjustments		—		(4.4	)		(4.4	)		—			198.5			198.5
FX translation		0.2		7.6			7.8			(0.4	)		(20.7	)		(21.1	)

Ending balance	$	11.2	$	635.1		$	646.3		$	11.0		$	631.9		$	642.9

The 2012 and 2011 additions/adjustments for the MA segment relate to the acquisitions of Copal and B&H in the fourth quarter of 2011, more fully discussed in Note 8.

Acquired intangible assets and related amortization consisted of:


	September 30, 2012			December 31, 2011
Customer relationships	$	218.2		$	217.9
Accumulated amortization		(69.1	)		(58.6	)

Net customer relationships		149.1			159.3


Trade secrets		31.4			31.3
Accumulated amortization		(15.4	)		(13.4	)

Net trade secrets		16.0			17.9


Software		72.3			70.9
Accumulated amortization		(31.3	)		(25.1	)

Net software		41.0			45.8


Trade names		28.3			28.1
Accumulated amortization		(10.0	)		(9.0	)

Net trade names		18.3			19.1


Other		24.9			24.6
Accumulated amortization		(16.0	)		(13.1	)

Net other		8.9			11.5


Total acquired intangible assets, net	$	233.3		$	253.6

Other intangible assets primarily consist of databases and covenants not to compete.

Amortization expense relating to acquired intangible assets is as follows:

Three Months Ended

Nine Months Ended

September 30,

2012

2011

2012

2011

Amortization expense

8.1

5.0

22.5

14.6

Estimated future amortization expense for acquired intangible assets subject to amortization is as follows:


Year Ending December 31,
2012 (after September 30,)	$	7.0
2013		27.5
2014		22.3
2015		20.9
2016		19.7
Thereafter		135.9

Intangible assets are reviewed for recoverability whenever circumstances indicate that the carrying amount may not be recoverable. If the estimated undiscounted future cash flows are lower than the carrying amount of the related asset, a loss is recognized for the difference between the carrying amount and the estimated fair value of the asset. In conjunction with the Company’s annual goodwill impairment assessment, the Company reviewed the recoverability of certain customer lists within its FSTC reporting unit as actual and projected results for this reporting unit were less than anticipated earlier in 2012. This review resulted in an impairment of approximately $1 million in the three and nine months ended September 30, 2012. There were no impairments to intangible assets in the three and nine months ended September 30, 2011.

Goodwill is analyzed for impairment annually or more frequently if circumstances indicate the assets may be impaired. For the three and nine months ended September 30, 2012 and 2011, there were no impairments to goodwill.

- 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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