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Goodwill And Intangible Assets (Tables)
3 Months Ended
Mar. 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

 

 

Adjustments

 

 

Write-off

 

 

March 31, 2017

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

270,779

 

 

$

12,358

 

 

$

 

 

$

283,137

 

Institutional Group

 

 

691,503

 

 

 

3,089

 

 

 

 

 

 

694,592

 

 

 

$

962,282

 

 

$

15,447

 

 

$

 

 

$

977,729

 

 

 

 

December 31, 2016

 

 

Net Additions

 

 

Amortization

 

 

March 31, 2017

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

45,231

 

 

$

 

 

$

(1,067

)

 

$

44,164

 

Institutional Group

 

 

71,073

 

 

 

 

 

 

(1,914

)

 

 

69,159

 

 

 

$

116,304

 

 

$

 

 

$

(2,981

)

 

$

113,323

 

 

Intangible Assets Subject To Amortization

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

 

 

March 31, 2017

 

 

December 31, 2016

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

141,621

 

 

$

48,568

 

 

$

141,621

 

 

$

46,209

 

Trade name

 

 

24,713

 

 

 

9,083

 

 

 

24,713

 

 

 

8,670

 

Investment banking backlog

 

 

1,345

 

 

 

474

 

 

 

1,345

 

 

 

379

 

Non-compete agreements

 

 

2,578

 

 

 

927

 

 

 

2,578

 

 

 

813

 

 

 

$

170,257

 

 

$

59,052

 

 

$

170,257

 

 

$

56,071

 

 

Amortization Expense In Future Periods

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

Fiscal year

 

 

 

 

Remainder of 2017

 

$

8,409

 

2018

 

 

10,621

 

2019

 

 

10,033

 

2020

 

 

9,788

 

2021

 

 

9,281

 

Thereafter

 

 

63,073

 

 

 

$

111,205