Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

As of September 30, 2015 and December 31, 2014, goodwill and intangible assets consisted of the following:



	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
As of September 30, 2015
Intangible assets:
Lease related intangibles	$	3,598	$	(1,153	)	$	2,445
Non-compete agreements	30		(20		)	10
Trade names	750		(565		)	185
Total intangible assets	$	4,378	$	(1,738	)	$	2,640
As of December 31, 2014
Intangible assets:
Lease related intangibles	$	3,621	$	(825	)	$	2,796
Non-compete agreements	30		(16		)	14
Trade names	750		(553		)	197
Total intangible assets	$	4,401	$	(1,394	)	$	3,007

Amortization expense of intangible assets for fiscal years 2016 through 2020 and thereafter is estimated to be approximately $482, $473, $448, $447, $223 and $444, respectively.

The following table sets forth the changes in the carrying amount of goodwill for the nine months ended September 30, 2015:



	December 31, 2014			Additions		Impairments		September 30, 2015
Goodwill, gross	$	163,755		$	1,086	$	—	$	164,841
Accumulated impairment losses	(38,240		)	—		—		(38,240		)
Total goodwill, net	$	125,515		$	1,086	$	—	$	126,601

During the three months ended March 31, 2015, the Company recorded an adjustment to increase goodwill by $600 in connection with the finalization of the fixed asset valuations, net of the related deferred tax assets adjustments, associated with the Digiplex purchase price allocation. The Company also recorded a decrease to goodwill of $500 during the three months ended March 31, 2015 related to deferred tax adjustments. During the three months ended June 30, 2015, the Company recorded adjustments to certain asset balances based on facts existing as of the acquisition date, resulting, in an increase to goodwill by approximately $500. During the three months ended September 30, 2015, the Company recorded an adjustment to increase goodwill by $500 in connection with the finalization of deferred tax balances associated with the Digiplex purchase price allocation.

- 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