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Goodwill And Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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

 

 

June 30, 2017

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

270,779

 

 

$

6,622

 

 

$

 

 

$

277,401

 

Institutional Group

 

 

691,503

 

 

 

860

 

 

 

 

 

 

692,363

 

 

 

$

962,282

 

 

$

7,482

 

 

$

 

 

$

969,764

 

 

 

 

December 31, 2016

 

 

Net Additions

 

 

Amortization

 

 

June 30, 2017

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

45,231

 

 

$

3,800

 

 

$

(2,273

)

 

$

46,758

 

Institutional Group

 

 

71,073

 

 

 

1,395

 

 

 

(3,973

)

 

 

68,495

 

 

 

$

116,304

 

 

$

5,195

 

 

$

(6,246

)

 

$

115,253

 

 

Intangible Assets Subject To Amortization

Intangible assets subject to amortization as of June 30, 2017 and December 31, 2016 were as follows (in thousands):

 

 

June 30, 2017

 

 

December 31, 2016

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

Customer relationships

 

$

146,687

 

 

$

51,267

 

 

$

141,621

 

 

$

46,209

 

Trade name

 

 

24,713

 

 

 

9,464

 

 

 

24,713

 

 

 

8,670

 

Investment banking backlog

 

 

2,608

 

 

 

1,040

 

 

 

1,345

 

 

 

379

 

Non-compete agreements

 

 

1,445

 

 

 

547

 

 

 

2,578

 

 

 

813

 

 

 

$

175,453

 

 

$

62,318

 

 

$

170,257

 

 

$

56,071

 

 

Amortization Expense In Future Periods

As of June 30, 2017, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year

 

 

 

 

Remainder of 2017

 

$

5,780

 

2018

 

 

10,953

 

2019

 

 

10,348

 

2020

 

 

10,128

 

2021

 

 

9,611

 

Thereafter

 

 

66,315

 

 

 

$

113,135