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Other Intangible Assets, net
12 Months Ended
Dec. 31, 2015
Other Intangible Assets, net
Note 8 Other Intangible Assets, net

In 2015, the changes related to other gross intangible assets were related to foreign currency translation and an acquisition of an acquisition technology intangible asset. Refer to Note 24 for more information on acquisitions.

Significant components of other intangible assets as of December 31, 2015 and 2014 are summarized as follows:

 

 

 

     2015  
(in thousands)    Gross      Accumulated
Amortization
    Net  

Channel relationships

   $  318,600         (99,909   $ 218,691   

Customer relationships

     166,579         (104,736     61,843   

Trade name

     46,422         (24,422     22,000   

Database

     28,000         (14,000     14,000   

Covenants-not-to-compete

     14,940         (7,834     7,106   

Trade association

     10,000         (5,750     4,250   

Favorable lease

     875         (445     430   
  

 

 

    

 

 

   

 

 

 

Total

   $ 585,416         (257,096   $ 328,320   
  

 

 

    

 

 

   

 

 

 

 

 

 

 

 

     2014  
(in thousands)    Gross      Accumulated
Amortization
    Net  

Channel relationships

   $ 318,600         (60,079   $ 258,521   

Customer relationships

     167,140         (87,201     79,939   

Trade name

     46,480         (15,680     30,800   

Database

     28,000         (8,400     19,600   

Covenants-not-to-compete

     14,940         (5,551     9,389   

Trade association

     10,000         (4,750     5,250   

Favorable lease

     875         (267     608   
  

 

 

    

 

 

   

 

 

 

Total

   $ 586,035         (181,928   $ 404,107   
  

 

 

    

 

 

   

 

 

 

 

 

Amortization related to other intangible assets, which is recorded in selling, general and administrative expenses, was $75.8 million, $77.3 million and $50.0 million for 2015, 2014 and 2013, respectively.

 

The weighted average useful life for each component of other intangible assets, and in total, as of December 31, 2015 is as follows:

 

 

 

     Weighted
Average
Amortization
Period (Yrs)
 

Channel relationships

     8.0   

Customer relationships

     8.2   

Trade name

     4.9   

Database

     5.0   

Covenants-not-to-compete

     5.3   

Trade association

     10.0   

Favorable Lease

     4.9   
  

 

 

 

Total

     7.6   
  

 

 

 

 

 

Estimated future amortization expense of other intangible assets as of December 31, 2015 for the next five years is:

 

 

 

(in thousands)       

2016

   $ 75,213   

2017

     74,823   

2018

     60,166   

2019

     47,870   

2020

     43,711