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Goodwill And Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2016
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, 2015

 

 

Adjustments

 

 

Write-off

 

 

September 30, 2016

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

269,384

 

 

$

(24,605

)

 

$

 

 

$

244,779

 

Institutional Group

 

 

646,218

 

 

 

100,729

 

 

 

(2,600

)

 

 

744,347

 

 

 

$

915,602

 

 

$

76,124

 

 

$

(2,600

)

 

$

989,126

 

 

 

 

December 31, 2015

 

 

Net Additions

 

 

Amortization

 

 

September 30, 2016

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

27,964

 

 

$

18,420

 

 

$

(5,147

)

 

$

41,237

 

Institutional Group

 

 

35,213

 

 

 

21,599

 

 

 

(5,411

)

 

 

51,401

 

 

 

$

63,177

 

 

$

40,019

 

 

$

(10,558

)

 

$

92,638

 

 

Intangible Assets Subject To Amortization

Intangible assets subject to amortization as of September 30, 2016 and December 31, 2015 were as follows (in thousands):

 

 

September 30, 2016

 

 

December 31, 2015

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

122,484

 

 

$

45,271

 

 

$

78,580

 

 

$

37,322

 

Trade name

 

 

20,794

 

 

 

8,625

 

 

 

24,456

 

 

 

6,969

 

Investment banking backlog

 

 

7,635

 

 

 

7,635

 

 

 

7,440

 

 

 

7,388

 

Non-compete agreements

 

 

1,953

 

 

 

815

 

 

 

2,517

 

 

 

255

 

 

 

$

152,866

 

 

$

62,346

 

 

$

112,993

 

 

$

51,934

 

 

Amortization Expense In Future Periods

As of September 30, 2016, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year

 

 

 

 

Remainder of 2016

 

$

2,569

 

2017

 

 

9,284

 

2018

 

 

8,651

 

2019

 

 

8,419

 

2020

 

 

8,201

 

Thereafter

 

 

53,396

 

 

 

$

90,520