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Goodwill and Intangibles
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangibles

NOTE 3 – GOODWILL AND INTANGIBLES

Goodwill

The change in carrying amount of goodwill was as follows:

 

     Goodwill
(Gross)
     Accumulated
Impairment
Losses
     Goodwill
(Net)
 

January 1, 2014

   $ 119,332       $ (70,004    $ 49,328   

Additions

     1,958         —           1,958   
  

 

 

    

 

 

    

 

 

 

September 30, 2014

   $ 121,290       $ (70,004    $ 51,286   
  

 

 

    

 

 

    

 

 

 

January 1, 2015

   $ 123,397       $ (70,004    $ 53,393   

Additions

     32,461         —           32,461   
  

 

 

    

 

 

    

 

 

 

September 30, 2015

   $ 155,858       $ (70,004    $ 85,854   
  

 

 

    

 

 

    

 

 

 

During the nine months ended September 30, 2015 and 2014, goodwill increased $32,461 and $1,958, respectively, primarily as a result of our business combinations. See Note 11, Business Combinations, for more information.

We test goodwill for impairment annually during the fourth quarter of our fiscal year or earlier if there is an impairment indicator. No impairment was recognized during either of the nine month periods ended September 30, 2015 and 2014.

 

Intangibles, net

The following table provides the gross carrying amount and accumulated amortization for each major class of intangibles:

 

     September 30, 2015      December 31, 2014  
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net
Book
Value
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net
Book
Value
 

Amortized intangibles:

                 

Customer relationships

   $ 56,227       $ 18,796       $ 37,431       $ 26,119       $ 16,151       $ 9,968   

Covenants not-to-compete

     4,862         585         4,277         883         202         681   

Trademarks and tradenames

     26,635         7,675         18,960         13,681         6,612         7,069   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 87,724       $ 27,056       $ 60,668       $ 40,683       $ 22,965       $ 17,718   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The gross carrying amount of intangibles increased $47,041 during the nine months ended September 30, 2015 primarily as a result of our business combinations. See Note 11, Business Combinations, for more information. Remaining estimated aggregate annual amortization expense is as follows (amounts are for the fiscal year ended):

 

Remainder of 2015

   $ 2,107   

2016

     8,175   

2017

     7,529   

2018

     7,300   

2019

     7,005   

Thereafter

     28,552