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GOODWILL AND INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET
GOODWILL AND INTANGIBLE ASSETS, NET
 
Goodwill
 
The following is a summary of goodwill by segment:
(in thousands)
 
Mortgage
Services
 
Financial
Services
 
Technology
Services
 
Total
 
 
 
 
 
 
 
 
 
Balance, March 31, 2015 and December 31, 2014
 
$
32,733

 
$
2,378

 
$
55,740

 
$
90,851



Intangible Assets, Net
 
Intangible assets, net consist of the following:
 
 
Weighted
average
estimated
useful life (in years)
 
Gross carrying amount
 
Accumulated amortization
 
Net book value
(in thousands)
 
 
March 31,
2015
 
December 31,
2014
 
March 31,
2015
 
December 31,
2014
 
March 31,
2015
 
December 31,
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and trade names
 
13
 
$
13,889

 
$
13,889

 
$
(5,196
)
 
$
(5,016
)
 
$
8,693

 
$
8,873

Customer related intangible assets
 
10
 
289,308

 
289,308

 
(87,871
)
 
(79,606
)
 
201,437

 
209,702

Operating agreement
 
20
 
35,000

 
35,000

 
(9,042
)
 
(8,604
)
 
25,958

 
26,396

Intellectual property
 
10
 
300

 
300

 
(33
)
 
(25
)
 
267

 
275

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
$
338,497

 
$
338,497

 
$
(102,142
)
 
$
(93,251
)
 
$
236,355

 
$
245,246


 
Amortization expense for definite lived intangible assets was $8.9 million and $9.5 million for the three months ended March 31, 2015 and 2014, respectively. Expected annual definite lived intangible asset amortization for 2015 through 2019 is $37.9 million, $34.5 million, $30.3 million, $26.4 million and $23.2 million, respectively.