Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes our allocation of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:



	($000)
Cash and cash equivalents	$	3,472
Accounts receivable and other current assets	519
Other non-current assets	244
Intangible assets	9,700
Goodwill	9,084
Deferred revenue	(1,191		)
Deferred tax liability	(2,272		)
Other current and non-current liabilities	(1,043		)
Total fair value of Morningstar Sweden	$	18,513

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The allocation includes acquired intangible assets, as follows:

Schedule of Goodwill

The following table shows the changes in our goodwill balances from December 31, 2012 to September 30, 2013:



	($000)
Balance as of December 31, 2012	$	320,845
Acquisition of remaining ownership in Morningstar Sweden	9,084
Other, primarily foreign currency translation	(3,188		)
Balance as of September 30, 2013	$	326,741

Schedule of Intangible Assets

The following table summarizes our intangible assets:



	As of September 30, 2013								As of December 31, 2012
($000)	Gross		Accumulated Amortization			Net		Weighted Average Useful Life (years)	Gross		Accumulated Amortization			Net		Weighted Average Useful Life (years)
Intellectual property	$	29,799	$	(22,778	)	$	7,021	9	$	30,621	$	(21,527	)	$	9,094	9
Customer-related assets	141,824		(71,343		)	70,481		12	132,798		(63,005		)	69,793		12
Supplier relationships	240		(105		)	135		20	240		(96		)	144		20
Technology-based assets	80,553		(49,017		)	31,536		9	81,333		(43,809		)	37,524		9
Non-competition agreement	1,692		(1,596		)	96		4	1,765		(1,588		)	177		4
Total intangible assets	$	254,108	$	(144,839	)	$	109,269	10	$	246,757	$	(130,025	)	$	116,732	10

Schedule of Intangible Asset, Amortization Expense

The following table summarizes our amortization expense related to intangible assets:



	Three months ended September 30				Nine months ended September 30
($000)	2013		2012		2013		2012
Amortization expense	$	5,287	$	5,941	$	16,249	$	17,972

Schedule of Expected Amortization Expense

We expect intangible amortization expense for 2013 and subsequent years as follows:



	($000)
2013	$	21,510
2014	20,507
2015	19,687
2016	15,118
2017	10,579
2018	8,593

Our estimates of future amortization expense for intangible assets may be affected by additional acquisitions, divestitures, changes in the estimated average useful life, and currency translations.

Weighted Average Useful Life (years)

Customer-related assets

Total intangible assets