Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Goodwill and Other Intangible Assets

The components of goodwill and other intangible assets at December 31, 2014 and 2013 are presented below:

	December 31,
	2014		2013
Goodwill	$	335,402	$	345,453
Other intangible assets (net of accumulated amortization)		12,036		18,424
	$	347,438	$	363,877

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2014, 2013 and 2012 are as follows:

	Year Ended December 31,
	2014			2013			2012
Balance, January 1	$	345,453		$	364,328		$	356,657
Business acquisitions		3,232			1,748			4,272
Foreign currency translation adjustments		(13,283	)		(20,623	)		3,399
Balance, December 31	$	335,402		$	345,453		$	364,328

Gross Cost and Accumulated Amortization of Other Intangible Assets

The gross cost and accumulated amortization of other intangible assets as of December 31, 2014 and 2013, by major intangible asset category, are as follows:

	December 31, 2014						December 31, 2013
	Gross Cost		Accumulated Amortization		Net Carrying Amount		Gross Cost		Accumulated Amortization		Net Carrying Amount
Performance fees	$	30,740	$	21,116	$	9,624	$	30,740	$	17,173	$	13,567
Management fees, customer relationships and non-compete agreements		33,050		30,638		2,412		33,063		28,206		4,857
	$	63,790	$	51,754	$	12,036	$	63,803	$	45,379	$	18,424

Estimated Future Amortization Expense

Amortization expense of intangible assets for the years ended December 31, 2014, 2013 and 2012 was $6,387, $10,114 and $8,359, respectively. Estimated future amortization expense is as follows:

Year Ending December 31,	Amortization Expense (a)
2015	$	6,558
2016		5,478
Total amortization expense	$	12,036

(a) Approximately 46% of intangible asset amortization is attributable to a noncontrolling interest.