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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill since January 1, 2015, by reportable segment, were as follows:

 

In thousands

 

 

 

United States

 

 

International

 

 

Total

 

Balance as of January 1, 2015

 

$

1,838,739

 

 

$

580,093

 

 

$

2,418,832

 

Goodwill acquired during the year, net

 

 

1,177,431

 

 

 

273,519

 

 

 

1,450,950

 

Purchase accounting allocation adjustments

 

 

(43,895

)

 

 

15,618

 

 

 

(28,277

)

Goodwill other changes

 

 

 

 

 

(440

)

 

 

(440

)

Changes due to foreign currency fluctuations

 

 

 

 

 

(82,888

)

 

 

(82,888

)

Balance as of December 31, 2015

 

 

2,972,275

 

 

 

785,902

 

 

 

3,758,177

 

Goodwill acquired during the year, net

 

 

17,390

 

 

 

450

 

 

 

17,840

 

Purchase accounting allocation adjustments

 

 

6,305

 

 

 

1,374

 

 

 

7,679

 

Changes due to foreign currency fluctuations

 

 

 

 

 

6,320

 

 

 

6,320

 

Balance at March 31, 2016

 

$

2,995,970

 

 

$

794,046

 

 

$

3,790,016

 

 

Amortizable Intangibles

At March 31, 2016 and December 31, 2015, the values of other intangible assets were as follows:

 

In thousands

 

 

 

March 31, 2016

 

 

December 31, 2015

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Value

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

1,319,782

 

 

$

162,831

 

 

$

1,156,951

 

 

$

1,304,388

 

 

$

144,020

 

 

$

1,160,368

 

Covenants not-to-compete

 

 

7,630

 

 

 

5,340

 

 

 

2,290

 

 

 

6,878

 

 

 

5,141

 

 

 

1,737

 

Tradenames

 

 

3,935

 

 

 

1,022

 

 

 

2,913

 

 

 

3,819

 

 

 

948

 

 

 

2,871

 

Other

 

 

16,834

 

 

 

1,314

 

 

 

15,520

 

 

 

18,902

 

 

 

916

 

 

 

17,986

 

Indefinite lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating permits

 

 

234,888

 

 

 

 

 

 

234,888

 

 

 

233,101

 

 

 

 

 

 

233,101

 

Tradenames

 

 

428,282

 

 

 

 

 

 

428,282

 

 

 

426,498

 

 

 

 

 

 

426,498

 

Total

 

$

2,011,351

 

 

$

170,507

 

 

$

1,840,844

 

 

$

1,993,586

 

 

$

151,025

 

 

$

1,842,561

 

 

Indefinite Lived Intangibles

The changes in the carrying amount of intangible assets since January 1, 2015 were as follows:

 

In thousands

 

 

 

Total

 

Balance as of January 1, 2015

 

$

909,645

 

Intangible assets acquired during the year, net

 

 

1,052,016

 

Impairments during the year

 

 

(4,177

)

Amortization during the year

 

 

(45,498

)

Changes due to foreign currency fluctuations

 

 

(69,425

)

Balance as of December 31, 2015

 

 

1,842,561

 

Intangible assets acquired during the year, net

 

 

8,436

 

Amortization during the year

 

 

(18,274

)

Changes due to foreign currency fluctuations

 

 

8,121

 

Balance at March 31, 2016

 

$

1,840,844

 

 

Estimated Amortization Expense

The estimated amortization expense for each of the next five years, assuming no additional amortizable intangible assets, is as follows for the years ended December 31:

 

In thousands

 

2016

 

$

72,287

 

2017

 

 

72,300

 

2018

 

 

72,252

 

2019

 

 

72,095

 

2020

 

 

71,805