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Goodwill And Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount Of Goodwill And Intangible Assets

The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):

 

 

 

December 31,

2016

 

 

Net Additions

 

 

Write-off

 

 

December 31,

2017

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

270,779

 

 

$

5,698

 

 

$

 

 

$

276,477

 

Institutional Group

 

 

691,503

 

 

 

854

 

 

 

 

 

 

692,357

 

 

 

$

962,282

 

 

$

6,552

 

 

$

 

 

$

968,834

 

 

 

 

December 31,

2016

 

 

Net Additions

 

 

Amortization

 

 

December 31,

2017

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

45,231

 

 

$

3,800

 

 

$

(4,506

)

 

$

44,525

 

Institutional Group

 

 

71,073

 

 

 

1,658

 

 

 

(7,629

)

 

 

65,102

 

 

 

$

116,304

 

 

$

5,458

 

 

$

(12,135

)

 

$

109,627

 

 

Intangible Assets Subject To Amortization

Intangible assets subject to amortization as of December 31, 2017 and 2016 were as follows (in thousands):

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

146,986

 

 

$

55,809

 

 

$

141,621

 

 

$

46,209

 

Trade name

 

 

24,713

 

 

 

10,228

 

 

 

24,713

 

 

 

8,670

 

Investment banking backlog

 

 

2,598

 

 

 

1,202

 

 

 

1,345

 

 

 

379

 

Non-compete agreements

 

 

1,419

 

 

 

968

 

 

 

2,578

 

 

 

813

 

 

 

$

175,716

 

 

$

68,207

 

 

$

170,257

 

 

$

56,071

 

 

Amortization Expense In Future Periods

As of December 31, 2017, we expect amortization expense in future periods to be as follows (in thousands):

 

Fiscal year

 

 

 

 

2018

 

$

10,890

 

2019

 

 

10,341

 

2020

 

 

10,124

 

2021

 

 

9,622

 

2022

 

 

8,880

 

Thereafter

 

 

57,652

 

 

 

$

107,509