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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Goodwill and Other Intangible Assets

The components of goodwill and other intangible assets at December 31, 2013 and 2012 are presented below:

 

    December 31,  
    2013     2012  

Goodwill

  $ 345,453      $ 364,328   

Other intangible assets (net of accumulated amortization)

    18,424        28,494   
 

 

 

   

 

 

 
  $ 363,877      $ 392,822   
 

 

 

   

 

 

 

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2013, 2012 and 2011 are as follows:

 

    Year Ended December 31,  
    2013     2012     2011  

Balance, January 1

  $ 364,328      $ 356,657      $ 313,229   

Business acquisitions, including, in the 2011 period, additional contingent consideration earned relating to a prior year business acquisition

    1,748        4,272        42,566   

Foreign currency translation adjustments

    (20,623     3,399        862   
 

 

 

   

 

 

   

 

 

 

Balance, December 31

  $ 345,453      $ 364,328      $ 356,657   
 

 

 

   

 

 

   

 

 

 

Gross Cost and Accumulated Amortization of Other Intangible Assets

The gross cost and accumulated amortization of other intangible assets as of December 31, 2013 and 2012, by major intangible asset category, are as follows:

 

    December 31, 2013     December 31, 2012  
    Gross
Cost
    Accumulated
Amortization
    Net
Carrying
Amount
    Gross
Cost
    Accumulated
Amortization
    Net
Carrying
Amount
 

Success/performance fees

  $ 30,740      $ 17,173      $ 13,567      $ 30,740      $ 10,678      $ 20,062   

Management fees, customer relationships and non-compete agreements

    33,063        28,206        4,857        33,035        24,603        8,432   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
  $ 63,803      $ 45,379      $ 18,424      $ 63,775      $ 35,281      $ 28,494   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 
Estimated Future Amortization Expense

Amortization expense of intangible assets for the years ended December 31, 2013, 2012 and 2011 was $10,114, $8,359 and $11,915, respectively. Estimated future amortization expense is as follows:

 

Year Ending December 31,

   Amortization
Expense (a)
 

2014

   $ 6,810   

2015

     6,433   

2016

     5,181   
  

 

 

 

Total amortization expense

   $ 18,424   
  

 

 

 

 

  (a) Approximately 43% of intangible asset amortization is attributable to a noncontrolling interest.