Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Components of Goodwill and Other Intangible Assets

The components of goodwill and other intangible assets at September 30, 2016 and December 31, 2015 are presented below:

	September 30,		December 31,
	2016		2015
Goodwill	$	346,044	$	320,761
Other intangible assets (net of accumulated amortization)		7,806		6,215
	$	353,850	$	326,976

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the nine month periods ended September 30, 2016 and 2015 are as follows:

	Nine Months Ended September 30,
	2016		2015
Balance, January 1	$	320,761	$	335,402
Business acquisitions (see Note 10)		20,377		-
Foreign currency translation adjustments		4,906		(18,413	)
Balance, September 30	$	346,044	$	316,989

Gross Cost and Accumulated Amortization of Other Intangible Assets

The gross cost and accumulated amortization of other intangible assets as of September 30, 2016 and December 31, 2015, by major intangible asset category, are as follows:

	September 30, 2016						December 31, 2015
	Gross Cost		Accumulated Amortization		Net Carrying Amount		Gross Cost		Accumulated Amortization		Net Carrying Amount
Success/performance fees	$	34,140	$	26,334	$	7,806	$	30,740	$	25,192	$	5,548
Management fees, customer relationships    and non-compete agreements		33,036		33,036		-		33,036		32,369		667
	$	67,176	$	59,370	$	7,806	$	63,776	$	57,561	$	6,215

Estimated Future Amortization Expense

Estimated future amortization expense is as follows:

Year Ending December 31,	Amortization Expense (a)
2016 (October 1 through December 31)	$	4,482
2017		2,346
2018		850
2019		75
2020		53
Total amortization expense	$	7,806

(a) Approximately 27% of intangible asset amortization is attributable to a noncontrolling interest.