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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The Company carries goodwill as reflected in the table below:

 

     Goodwill  
(in thousands)       

Goodwill at December 31, 2014

   $ 1,564,904   

Foreign exchange translation adjustment

     549   
  

 

 

 

Goodwill at June 30, 2015

$ 1,565,453   
  

 

 

 
Components of Intangible Assets by Major Class

The gross carrying and accumulated amortization amounts related to the Company’s identifiable intangible assets are as follows:

 

          As of  
     Estimated Remaining
Useful Lives
   June 30,
2015
     December 31,
2014
 
          (in thousands)  

Gross intangible assets:

        

Customer relationships

   5 to 21 years    $ 360,835       $ 360,835   

Trademarks/trade names

   5 to 21.5 years      223,382         223,382   

Technology/software

   3 to 8.5 years      193,293         193,681   

Proprietary data

   13 years      28,628         28,627   

Covenant not to compete

   2 years      900         900   
     

 

 

    

 

 

 

Subtotal

  807,038      807,425   

Foreign exchange translation adjustment

  (1,096 )   (1,588 )
     

 

 

    

 

 

 

Total gross intangible assets

$ 805,942    $ 805,837   
     

 

 

    

 

 

 

Accumulated amortization:

Customer relationships

$ (131,186 ) $ (119,058 )

Trademarks/trade names

  (87,525 )   (81,545 )

Technology/software

  (171,096 )   (167,083 )

Proprietary data

  (5,641 )   (4,589 )

Covenant not to compete

  (413 )   (187 )
     

 

 

    

 

 

 

Subtotal

  (395,861 )   (372,462 )

Foreign exchange translation adjustment

  118      253   
     

 

 

    

 

 

 

Total accumulated amortization

$ (395,743 ) $ (372,209 )
     

 

 

    

 

 

 

Net intangible assets:

Customer relationships

$ 229,649    $ 241,777   

Trademarks/trade names

  135,857      141,837   

Technology/software

  22,197      26,598   

Proprietary data

  22,987      24,038   

Covenant not to compete

  487      713   
     

 

 

    

 

 

 

Subtotal

  411,177      434,963   

Foreign exchange translation adjustment

  (978 )   (1,335
     

 

 

    

 

 

 

Total net intangible assets

$ 410,199    $ 433,628   
     

 

 

    

 

 

 
Estimated Amortization Expense for Remainder of 2015 and Succeeding Years

The estimated amortization expense for the remainder of 2015 and succeeding years is presented below:

 

Years Ending December 31,

   Amortization Expense  
     (in thousands)  

Remainder 2015

   $ 23,557   

2016

     46,925   

2017

     41,655   

2018

     38,506   

2019

     36,960   

Thereafter

     222,596   
  

 

 

 

Total

$ 410,199