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Goodwill And Other Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

7. Goodwill and Other Intangible Assets

Goodwill

Changes in the carrying value of goodwill for the nine months ended September 30, 2012 and 2011 were as follows (dollars in thousands):

	Retail
	Services		E-Commerce		Consolidated
Balance as of January 1, 2012	$	352,439	$	210,282	$	562,721
Acquisitions and purchase price adjustments		31,719		90		31,809
Effect of foreign currency translation		4,807		-		4,807
Balance as of September 30, 2012	$	388,965	$	210,372	$	599,337

Balance as of January 1, 2011	$	333,042	$	210,282	$	543,324
Effect of foreign currency translation		(5,155)		-		(5,155)
Balance as of September 30, 2011	$	327,887	$	210,282	$	538,169

Acquired Intangible Assets

Acquired intangible assets that are subject to amortization as of September 30, 2012 and 2011 and as of December 31, 2011, were as follows (dollars in thousands):

	As of September 30,												As of December 31,
		2012						2011					2011
			Accumulated						Accumulated						Accumulated
	Cost		Amortization		Net		Cost		Amortization		Net		Cost		Amortization		Net
Non-competition agreements	$	22,434	$	(17,609)	$	4,825	$	18,828	$	(13,006)	$	5,822	$	21,364	$	(13,537)	$	7,827
Customer relationships		34,133		(19,445)		14,688		19,804		(16,616)		3,188		26,607		(17,297)		9,310
Lead provider relationships		2,489		(2,489)		-		2,489		(2,489)		-		2,489		(2,489)		-
Trademarks		354		(237)		117		211		(198)		13		211		(199)		12
Other		586		(340)		246		496		(288)		208		576		(300)		276
Total	$	59,996	$	(40,120)	$	19,876	$	41,828	$	(32,597)	$	9,231	$	51,247	$	(33,822)	$	17,425

Non-competition agreements are amortized over the applicable terms of the contract. Customer and lead provider relationships are generally amortized on a straight-line basis over three to ten years, based on the period over which economic benefits are provided. Trademarks are amortized generally over three years on a straight-line basis.

Indefinite Lived Intangible Assets

As of September 30, 2012 and 2011 and as of December 31, 2011, licenses of $9.7 million obtained in conjunction with acquisitions were not amortized. As of September 30, 2012 and 2011 and as of December 31, 2011, trademarks of $5.3 million, $7.8 million and $7.7 million, respectively, obtained in conjunction with acquisitions were not amortized. Costs to renew licenses with indefinite lives are recorded in “Operations and administration expenses” in the consolidated statements of income.

- 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.

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