Goodwill and Other Intangible Assets, Net

3 Months Ended

Mar. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

20.	Goodwill and Other Intangible Assets, Net

The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2018 were as follows (in thousands):

	Financial Services			Real Estate Services			Total
Balance at December 31, 2017	$	468,050		$	477,532		$	945,582
Measurement period adjustments		(24	)		(2,542	)		(2,566	)
Cumulative translation adjustment		1,779			—			1,779
Balance at March 31, 2018	$	469,805		$	474,990		$	944,795

During the three months ended March 31, 2018, the Company did not have any acquisitions, as such did not recognize additional goodwill. Goodwill is not amortized and is reviewed annually for impairment or more frequently if impairment indicators arise, in accordance with U.S. GAAP guidance on Goodwill and Other Intangible Assets.

Other intangible assets consisted of the following (in thousands, except weighted-average remaining life):

	March 31, 2018
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Weighted- Average Remaining Life (Years)
Definite life intangible assets:
Customer-related	$	208,070	$	32,281	$	175,789		13.4
Technology		24,026		10,607		13,419		3.9
Noncompete agreements		34,730		18,581		16,149		2.5
Patents		10,630		10,296		334		5.2
All other		19,923		10,455		9,468		8.7
Total definite life intangible assets		297,379		82,220		215,159		11.8
Indefinite life intangible assets:
Trade names		84,095		—		84,095	N/A
Licenses		7,929		—		7,929	N/A
Total indefinite life intangible assets		92,024		—		92,024	N/A
Total	$	389,403	$	82,220	$	307,183		11.8

	December 31, 2017
	Gross Amount		Accumulated Amortization		Net Carrying Amount		Weighted- Average Remaining Life (Years)
Definite life intangible assets:
Customer-related	$	203,743	$	27,820	$	175,923		13.7
Technology		24,025		9,741		14,284		4.2
Noncompete agreements		34,333		16,180		18,153		2.7
Patents		10,629		10,049		580		3.6
All other		19,795		9,691		10,104		9.2
Total definite life intangible assets		292,525		73,481		219,044		11.9
Indefinite life intangible assets:
Trade names		84,048		—		84,048	N/A
Licenses		7,929		—		7,929	N/A
Total indefinite life intangible assets		91,977		—		91,977	N/A
Total	$	384,502	$	73,481	$	311,021		11.9

Intangible amortization expense was $8.7 million and $6.2 million for the three months ended March 31, 2018 and 2017, respectively. Intangible amortization is included as part of “Other expenses” in the Company’s unaudited condensed consolidated statements of operations.

There was no impairment charge for the Company’s indefinite life intangibles for the three months ended March 31, 2018 and March 31, 2017.

The estimated future amortization expense of definite life intangible assets as of March 31, 2018 is as follows (in millions):

2018	$	21.7
2019		28.0
2020		21.6
2021		18.8
2022		14.3
2023 and thereafter		110.8
Total	$	215.2

- 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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