Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Indefinite-Lived Intangible Assets

The following table summarizes information related to indefinite-lived intangible assets at December 31:



(In Thousands)	2015		2014
Trade Names and Trademarks	$	53,000	$	53,000
Goodwill	539,475		530,670
Indefinite-lived Intangible Assets	$	592,475	$	583,670

The following table provides information related to the carrying amount of goodwill by operating segment:



(In Thousands)	Sales and Lease Ownership			Progressive		DAMI		HomeSmart			Total
Balance at January 1, 2014	$	224,523		$	—	$	—	$	14,658		$	239,181
Acquisitions	3,629			277,958		—		—			281,587
Disposals	(1,321		)	—		—		—			(1,321		)
Acquisition Accounting Adjustments	(3		)	11,226		—		—			11,223
Balance at December 31, 2014	226,828			289,184		—		14,658			530,670
Acquisitions	9,529			—		290		229			10,048
Disposals	(2,506		)	—		—		(158		)	(2,664		)
Acquisition Accounting Adjustments	—			1,421		—		—			1,421
Balance at December 31, 2015	$	233,851		$	290,605	$	290	$	14,729		$	539,475

Definite-Lived Intangible Assets

The following table summarizes information related to definite-lived intangible assets at December 31:



	2015							2014
(In Thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Internal Use Software	$	14,000	$	(7,998	)	$	6,002	$	14,000	$	(3,331	)	$	10,669
Technology	68,550		(11,419		)	57,131		66,000		(4,712		)	61,288
Customer Lease Contracts	—		—			—		11,000		(11,000		)	—
Merchant Relationships	181,000		(25,851		)	155,149		181,000		(10,768		)	170,232
Other Intangibles¹	7,383		(2,753		)	4,630		5,721		(3,439		)	2,282
Total	$	270,933	$	(48,021	)	$	222,912	$	277,721	$	(33,250	)	$	244,471

¹Other intangibles primarily includes definite-lived trade names and trademarks, customer relationships, non-compete agreements, and franchise development rights from business acquisitions.

Total amortization expense of definite-lived intangible assets, included in operating expenses in the accompanying consolidated statements of earnings, was $28.2 million, $31.9 million and $3.7 million during the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, estimated future amortization expense for the next five years related to definite-lived intangible assets is as follows:



(In Thousands)
2016	$	28,703
2017	24,602
2018	22,622
2019	22,527
2020	22,374

- 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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