Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5—GOODWILL AND OTHER INTANGIBLES

At December 31, 2014 and 2013, intangible assets consisted of the following:


	Weighted-Average Period (In Years)		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
As of December 31, 2014
Intangible assets:
Lease related intangibles		6.8	$	3,621	$	(825	)	$	2,796
Non-compete agreements		0.1		30		(16	)		14
Trade names		0.7		750		(553	)		197

Total intangible assets		7.6	$	4,401	$	(1,394	)	$	3,007

As of December 31, 2013
Intangible assets:
Lease related intangibles		10.1	$	1,345	$	(621	)	$	724
Non-compete agreements		0.1		30		(11	)		19
Trade names		2.9		750		(536	)		214

Total intangible assets		13.1	$	2,125	$	(1,168	)	$	957

Amortization of other intangible assets was $231, $104, and $108, for the years ended December 31, 2014, 2013 and 2012, respectively.

Amortization expense of intangible assets for fiscal years 2015 through 2019 and thereafter is estimated to be approximately $490, $482, $473, $448, $447 and $667, respectively, with a remaining weighted average useful life of 7.6 years.

The following table discloses the changes in the carrying amount of goodwill for the years ended December 31, 2014 and 2013:


	2014
	December 31, 2013			Additions		Impairments		December 31, 2014
Goodwill, gross	$	112,617		$	51,138	$	—	$	163,755
Accumulated impairment losses		(38,240	)		—		—		(38,240	)

Total goodwill, net	$	74,377		$	51,138	$	—	$	125,515


	2013
	December 31, 2012			Additions		Impairments		December 31, 2013
Goodwill, gross	$	82,817		$	29,800	$	—	$	112,617
Accumulated impairment losses		(38,240	)		—		—		(38,240	)

Total goodwill, net	$	44,577		$	29,800	$	—	$	74,377

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details