XML 85 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Other Intangible Assets and Related Accumulated Amortization

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

 

     2013     2012  

Gross carrying amount of acquisition intangibles:

    

Customer related intangibles

   $ 60,547      $ 60,547   

Software acquired

     32,003        32,003   

Trade name

     3,109        3,272   

Lease acquired

     1,387        1,387   
  

 

 

   

 

 

 
     97,046        97,209   

Accumulated amortization

     (58,060     (51,489
  

 

 

   

 

 

 

Acquisition intangibles, net

   $ 38,986      $ 45,720   
  

 

 

   

 

 

 

Post acquisition software development costs

   $ 36,701      $ 36,701   

Accumulated amortization

     (36,701     (36,621
  

 

 

   

 

 

 

Post acquisition software costs, net

   $ —        $ 80   
  

 

 

   

 

 

 

Total other intangibles

   $ 38,986      $ 45,800   
  

 

 

   

 

 

 
Summary of Allocation of Acquisition Intangible Assets

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

 

     December 31, 2013      December 31, 2012  
     Gross
Carrying
Amount
     Weighted
Average
Amortization
Period
     Accumulated
Amortization
     Gross
Carrying
Amount
     Weighted
Average
Amortization
Period
     Accumulated
Amortization
 

Non-amortizable intangibles:

                 

Goodwill

   $ 121,011         —         $ —         $ 121,011         —         $ —     

Amortizable intangibles:

                 

Customer related intangibles

     60,547         15 years         28,864         60,547         15 years         24,554   

Software acquired

     32,003         5 years         26,584         32,003         5 years         24,505   

Trade name

     3,109         15 years         1,225         3,272         15 years         1,182   

Lease acquired

     1,387         5 years         1,387         1,387         5 years         1,248   
Summary of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the two years ended December 31, 2013 are as follows:

 

     Enterprise
Software
Solutions
     Appraisal and
Tax Software
Solutions and
Services
     Total  

Balance as of December 31, 2011

   $ 100,504       $ 5,590       $ 106,094   

Goodwill acquired during 2012 related to the purchase of Akanda

     —           967         967   

Goodwill acquired during 2012 related to the purchase of UniFund

     1,055         —           1,055   

Goodwill acquired during 2012 related to the purchase of CSA

     4,634         —           4,634   

Goodwill acquired during 2012 related to the purchase of EnerGov

     8,261         —           8,261   
  

 

 

    

 

 

    

 

 

 

Balance as of December 31, 2012 and December 31, 2013

   $ 114,454       $ 6,557       $ 121,011   
Summary of Estimated Annual Amortization Expense

Estimated annual amortization expense relating to acquisition intangibles, including acquired software for which the amortization expense is recorded as cost of revenues is as follows:

 

Years ending December 31,

      

2014

   $ 6,308   

2015

     6,128   

2016

     6,039   

2017

     5,042   

2018

     4,366