Goodwill and Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Acquired Intangible Assets

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

	As of September 30, 2013							As of December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships	$	1,494	$	(42	)	$	1,452	$	570	$	(83	)	$	487
Developed technologies		4,681		(234	)		4,447		—		—			—
Trade name and other		2,876		(256	)		2,620		—		—			—
Total intangible assets subject to amortization	$	9,051	$	(532	)	$	8,519	$	570	$	(83	)	$	487
Intangible assets not subject to amortization:
Goodwill – portfolio purchasing and recovery						$	444,130						$	6,047
Goodwill – tax lien business							45,390							49,399
Other intangibles							1,962							—
Total intangible assets not subject to amortization						$	491,482						$	55,446

Schedule of Changes in Carrying Amount of Goodwill by Reporting Unit

The changes in carrying amount of goodwill by reporting unit for the nine months ended September 30, 2013 are as follows (in thousands):

	Portfolio Purchasing and Recovery			Tax Lien business
Balance, December 31, 2012	$	6,047		$	49,399
Goodwill acquired		419,969			—
Goodwill adjustment		(180	)		(4,009	)(1)
Effect of foreign currency translation		18,294			—
Balance, September 30, 2013	$	444,130		$	45,390

⁽¹⁾  As a result of its final valuation study related to the Company’s acquisition of Propel, during the three months ended March 31, 2013, the Company made an adjustment to the initial purchase price allocation, increasing receivables secured by tax liens and decreasing goodwill by approximately $4.0 million.