Goodwill and Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Reportable Segments by Reporting Units

Goodwill was allocable to reporting units included in the Company’s reportable segments, as follows (in thousands):

	Portfolio Purchasing  and Recovery			Tax Lien Business		Total
Balance, December 31, 2014	$	848,656		$	49,277	$	897,933
Goodwill adjustment (1)	2,410			—		2,410
Effect of foreign currency translation	(34,642		)	—		(34,642		)
Balance, March 31, 2015	$	816,424		$	49,277	$	865,701

______________________

(1) During the first quarter of 2015, the Company completed the valuation study related to its acquisition of Atlantic in August 2014. Based on the valuation study, the Company has determined that there were additional tax related obligations assumed at the time of acquisition of approximately $2.4 million. As a result, the goodwill balance was increased by $2.4 million.

Summary of Acquired Intangible Assets

The Company’s acquired intangible assets are summarized as follows (in thousands):

	As of March 31, 2015							As of December 31, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	4,979	$	(836	)	$	4,143	$	5,437	$	(743	)	$	4,694
Developed technologies	7,887		(2,560		)	5,327		8,353		(2,194		)	6,159
Trade name and other	9,677		(2,339		)	7,338		10,458		(1,709		)	8,749
Other intangibles—indefinite lived	1,962		—			1,962		1,962		—			1,962
Total intangible assets	$	24,505	$	(5,735	)	$	18,770	$	26,210	$	(4,646	)	$	21,564