Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents goodwill by reportable segment (in thousands):



	Wealth Management		Tax Preparation			Total
Balance as of December 31, 2013	$	—	$	188,541		$	188,541
Additions	—		—			—
Foreign currency translation adjustment	—		—			—
Balance as of December 31, 2014	—		188,541			188,541
Additions	356,386		4,473			360,859
Foreign currency translation adjustment	—		(441		)	(441		)
Balance as of December 31, 2015	$	356,386	$	192,573		$	548,959

The goodwill additions in 2015 related to the acquisitions of HD Vest (Wealth Management segment) and SimpleTax (Tax Preparation segment), both as described in "Note 3: Business Combinations."

Intangible assets other than goodwill consisted of the following (in thousands):



	December 31, 2015							December 31, 2014
	Gross carrying amount		Accumulated amortization			Net		Gross carrying amount		Accumulated amortization			Net
Definite-lived intangible assets:
Customer relationships	$	101,681	$	(49,664	)	$	52,017	$	101,600	$	(37,052	)	$	64,548
Advisor relationships	240,300		—			240,300		—		—			—
Sponsor relationships	16,500		—			16,500		—		—			—
Curriculum	800		—			800		—		—			—
Technology	43,948		(29,270		)	14,678		29,800		(21,729		)	8,071
Total definite-lived intangible assets	403,229		(78,934		)	324,295		131,400		(58,781		)	72,619
Indefinite-lived intangible assets:
Trade names	72,000		—			72,000		19,500		—			19,500
Total	$	475,229	$	(78,934	)	$	396,295	$	150,900	$	(58,781	)	$	92,119

There were advisor relationship, sponsor relationship, curriculum, and technology additions in 2015 related to the acquisition of HD Vest (Wealth Management segment). There also were customer relationship and technology additions in 2015 related to the acquisition of SimpleTax (Tax Preparation segment). Both acquisitions are described in "Note 3: Business Combinations."

Amortization expense was as follows (in thousands):



	Years ended December 31.
	2015		2014		2013
Statement of comprehensive income line item:
Cost of revenue	$	7,546	$	7,450	$	7,450
Amortization of other acquired intangible assets	12,757		12,742		12,692
Total	$	20,303	$	20,192	$	20,142

Expected amortization of definite-lived intangible assets held as of December 31, 2015 is as follows (in thousands):



	2016		2017		2018		2019		2020		Thereafter		Total
Statement of comprehensive income line item:
Cost of revenue	$	804	$	183	$	91	$	—	$	—	$	—	$	1,078
Amortization of other acquired intangible assets	33,262		33,263		33,263		33,263		21,444		168,722		323,217
Total	$	34,066	$	33,446	$	33,354	$	33,263	$	21,444	$	168,722	$	324,295

The weighted average amortization periods for definite-lived intangible assets are as follows: 49 months for customer relationships, 168 months for advisor relationships, 216 months for sponsor relationships, 48 months for curriculum, 68 months for technology, and 147 months for total definite-lived intangible assets.

- 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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