Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

7. Goodwill and Other Intangible Assets

A summary of changes in the Company’s goodwill by reportable business segment is as follows (in thousands):


	December 31, 2012		Acquisitions		Purchase Price Adjustments		Foreign Currency			December 31, 2013
Segment
North America	$	276,714	$	89,880	$	—	$	—		$	366,594
International		649,895		556,676		80		(20,520	)		1,186,131

	$	926,609	$	646,556	$	80	$	(20,520	)	$	1,552,725


	December 31, 2011		Acquisitions		Purchase Price Adjustments		Foreign Currency		December 31, 2012
Segment
North America	$	276,714	$	—	$	—	$	—	$	276,714
International		484,022		165,398		35		440		649,895

	$	760,736	$	165,398	$	35	$	440	$	926,609

Goodwill and other intangible asset purchase price adjustments in 2013 and 2012 are related to working capital adjustments in prior year foreign acquisitions. At December 31, 2013 and 2012, approximately $412.7 million and $238 million of the Company’s goodwill is deductible for tax purposes, respectively.

Other intangible assets consisted of the following at December 31 (in thousands):


			2013							2012
	Useful Lives (Years)		Gross Carrying Amounts		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amounts		Accumulated Amortization			Net Carrying Amount
Customer and vendor agreements		3 to 20	$	850,809	$	(134,998	)	$	715,811	$	487,718	$	(90,920	)	$	396,798
Trade names and trademarks—indefinite lived		N/A		99,690		—			99,690		53,926		—			53,926
Trade names and trademarks—other		3 to 15		3,341		(1,635	)		1,706		3,160		(1,420	)		1,740
Software		3 to 10		47,778		(9,090	)		38,688		15,330		(5,208	)		10,122
Non-compete agreements		2 to 5		18,499		(3,131	)		15,368		3,271		(1,993	)		1,278

Total other intangibles			$	1,020,117	$	(148,854	)	$	871,263	$	563,405	$	(99,541	)	$	463,864

Amortization expense related to intangible assets for the years ended December 31, 2013, 2012 and 2011, was $49.3 million, $32.4 million and $19.6 million, respectively.

The future estimated amortization of intangibles at December 31, 2013 is as follows (in thousands):


2014	$	71,949
2015		71,485
2016		70,633
2017		68,130
2018		64,256
Thereafter		425,120

- 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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