Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Synovus assesses goodwill for impairment at the reporting unit level on an annual basis and between annual assessments if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Synovus performs its annual goodwill impairment testing as of June 30^th of each year. At June 30, 2012 and 2011, Synovus completed its annual goodwill impairment evaluations, and as a result of these evaluations, concluded that goodwill was not impaired. At December 31, 2012 and December 31, 2011, the goodwill is associated with two financial management services reporting units.

Synovus also completed an interim impairment test of the investment advisory services reporting unit as of December 31, 2012. The interim test was performed due to the loss of certain assets under management, which resulted in lower than forecasted revenues. The results of the interim impairment test of the investment advisory services reporting unit indicated that goodwill at the investment advisory services reporting unit was not impaired as of December 31, 2012.

The following table shows the changes in the carrying amount of goodwill for the years ended December 31, 2012 and 2011:



(in thousands)	2012		2011
Balance as of January 1,:
Goodwill	$	519,138	519,138
Accumulated impairment losses	494,707		494,707
Goodwill, net at January 1,	24,431		24,431
Impairment losses	—		—
Balance as of December 31,:
Goodwill	519,138		519,138
Accumulated impairment losses	494,707		494,707
Goodwill, net at December 31,	$	24,431	24,431

Other intangible assets as of December 31, 2012 and 2011 are presented in the following table:



	2012
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Impairment	Net
Other intangible assets:
Purchased trust revenues	$	4,210	(3,251)		—	959
Acquired customer contracts	5,270		(5,262	)	—	8
Core deposit premiums	46,331		(42,457	)	—	3,874
Other	640		(332	)	—	308
Total carrying value	$	56,451	(51,302)		—	5,149

	2011
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Impairment	Net
Other intangible assets:
Purchased trust revenues	$	4,210	(2,970)		—	1,240
Acquired customer contracts	5,270		(5,241	)	—	29
Core deposit premiums	46,331		(39,433	)	—	6,898
Other	640		(282	)	—	358
Total carrying value	$	56,451	(47,926)		—	8,525

Aggregate other intangible assets amortization expense for the years ended December 31, 2012, 2011, and 2010 was $3.4 million, $3.9 million, and $4.2 million, respectively. Aggregate estimated amortization expense over the next five years is: $1.7 million in 2013, $1.2 million in 2014, $1.0 million in 2015, $466 thousand in 2016, and $212 thousand in 2017 .

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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