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Goodwill And Intangible Assets (Tables)
12 Months Ended
Dec. 31, 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

 

 

Net Additions

 

 

Write-off

 

 

December 31,

2016

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

295,384

 

 

$

(24,605

)

 

$

 

 

$

270,779

 

Institutional Group

 

 

620,218

 

 

 

73,885

 

 

 

(2,600

)

 

 

691,503

 

 

 

$

915,602

 

 

$

49,280

 

 

$

(2,600

)

 

$

962,282

 

 

 

 

December 31,

2015

 

 

Net Additions

 

 

Amortization

 

 

December 31,

2016

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

30,027

 

 

$

21,230

 

 

$

(6,026

)

 

$

45,231

 

Institutional Group

 

 

33,150

 

 

 

46,324

 

 

 

(8,401

)

 

 

71,073

 

 

 

$

63,177

 

 

$

67,554

 

 

$

(14,427

)

 

$

116,304

 

 

Intangible Assets Subject To Amortization

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

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

141,621

 

 

$

46,209

 

 

$

78,580

 

 

$

37,322

 

Trade name

 

 

24,713

 

 

 

8,670

 

 

 

24,456

 

 

 

6,969

 

Investment banking backlog

 

 

1,345

 

 

 

379

 

 

 

7,440

 

 

 

7,388

 

Non-compete agreements

 

 

2,578

 

 

 

813

 

 

 

2,517

 

 

 

255

 

 

 

$

170,257

 

 

$

56,071

 

 

$

112,993

 

 

$

51,934

 

 

Amortization Expense In Future Periods

As of December 31, 2016, we expect amortization expense in future periods to be as follows (in thousands):

 

Fiscal year

 

 

 

 

2017

 

$

11,506

 

2018

 

 

10,873

 

2019

 

 

10,285

 

2020

 

 

10,068

 

2021

 

 

9,506

 

Thereafter

 

 

61,948

 

 

 

$

114,186