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Goodwill And Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Carrying Value of Goodwill by Operating Segment

The following table provides information related to the carrying value of the Company’s goodwill by operating segment:

 

(In Thousands)

   Sales and Lease
Ownership
    HomeSmart      Total  

Balance at January 1, 2011

   $ 202,379      $ —         $ 202,379   

Additions

     9,055        13,833         22,888   

Disposals

     (5,925     —           (5,925
  

 

 

   

 

 

    

 

 

 

Balance at December 31, 2011

     205,509        13,833         219,342   

Additions

     14,399        815         15,214   

Disposals

     (361     —           (361
  

 

 

   

 

 

    

 

 

 

Balance at December 31, 2012

   $ 219,547      $ 14,648       $ 234,195   
  

 

 

   

 

 

    

 

 

 
Summary of Identifiable Intangible Assets

The following is a summary of the Company’s identifiable intangible assets by category at December 31:

 

     2012      2011  
(In Thousands)    Gross      Accumulated
Amortization
    Net      Gross      Accumulated
Amortization
    Net  

Customer Relationships

   $ 4,377       $ (2,170   $ 2,207       $ 3,400       $ (1,001   $ 2,399   

Non-Compete Agreements

     3,408         (1,471     1,937         2,855         (1,062     1,793   

Acquired Franchise Development Rights

     4,566         (2,684     1,882         4,452         (2,578     1,874   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 12,351       $ (6,325   $ 6,026       $ 10,707       $ (4,641   $ 6,066   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Estimated Future Amortization Expense

As of December 31, 2012, estimated future amortization expense for the next five years related to identifiable intangible assets is as follows:

 

(In Thousands)

      

2013

   $ 3,509   

2014

     1,598   

2015

     466   

2016

     232   

2017

     177