Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Other intangible assets and related accumulated amortization consists of the following at December 31:



	2016			2015
Gross carrying amount of acquisition intangibles:
Customer related intangibles	$	186,231		$	181,671
Acquired software	176,096			172,666
Trade name	11,065			10,765
Leases acquired	3,694			3,694
	377,086			368,796
Accumulated amortization	(109,827		)	(73,418		)
Total intangibles, net	$	267,259		$	295,378

Total amortization expense for intangibles was $36.4 million in 2016, $10.3 million in 2015, and $6.4 million during 2014.

The allocation of acquisition intangible assets is summarized in the following table:



	December 31, 2016					December 31, 2015
	Gross Carrying Amount		Weighted Average Amortization Period	Accumulated Amortization		Gross Carrying Amount		Weighted Average Amortization Period	Accumulated Amortization
Non-amortizable intangibles:
Goodwill	$	650,237	—	$	—	$	653,666	—	$	—
Amortizable intangibles:
Customer related intangibles	186,231		15 years	51,491		181,671		15 years	38,754
Acquired software	176,096		7 years	55,115		172,666		7 years	32,880
Trade name	11,065		12 years	2,740		10,765		12 years	1,747
Leases acquired	3,694		9 years	481		3,694		9 years	37

The changes in the carrying amount of goodwill for the two years ended December 31, 2016 are as follows:



	Enterprise Software			Appraisal and Tax		Total
Balance as of 12/31/2014	$	117,585		$	6,557	$	124,142
Goodwill acquired during 2015 related to the purchase of NWS	527,618			—		527,618
Goodwill acquired during 2015 related to the purchase of Brazos	1,906			—		1,906
Balance as of 12/31/2015	647,109			6,557		653,666
Goodwill acquired during 2016 related to a small acquisition	3,943			—		3,943
Purchase price adjustments related to NWS acquisition	(7,372		)	—		(7,372		)
Balance as of 12/31/2016	$	643,680		$	6,557	$	650,237

Estimated annual amortization expense relating to acquired leases will be recorded as a reduction to hardware and other revenue and is expected to be $442,000 in 2017, $426,000 in 2018, $373,000 in 2019, $314,000 in 2020, $312,000 in 2021 and $1.3 million thereafter. Estimated annual amortization expense relating to acquisition intangibles, including acquired software, for which the amortization expense is recorded as cost of revenues, for the next five years is as follows:



2017	$	35,120
2018	34,443
2019	33,107
2020	31,660
2021	31,302

- 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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