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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 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 and for the “Other” category, were as follows:

In thousands

 

 

Domestic and Canada RCS

 

 

International RCS

 

 

Other

 

 

Total

 

Balance at January 1, 2015 (1)

$

1,638,529

 

 

$

521,338

 

 

$

258,965

 

 

$

2,418,832

 

Goodwill acquired during year

 

1,231,219

 

 

 

192,737

 

 

 

26,994

 

 

 

1,450,950

 

Purchase accounting adjustments

 

(8,072

)

 

 

(17,221

)

 

 

(2,984

)

 

 

(28,277

)

Other changes

 

 

 

 

(440

)

 

 

 

 

 

(440

)

Changes due to foreign currency fluctuations

 

(18,965

)

 

 

(63,923

)

 

 

 

 

 

(82,888

)

Balance at December 31, 2015

 

2,842,711

 

 

 

632,491

 

 

 

282,975

 

 

 

3,758,177

 

Goodwill acquired during year

 

41,517

 

 

 

8,381

 

 

 

2,871

 

 

 

52,769

 

Purchase accounting adjustments

 

(77,247

)

 

 

(78,894

)

 

 

(5,048

)

 

 

(161,189

)

Goodwill write-offs related to disposition and assets held for sale

 

 

 

 

(7,486

)

 

 

 

 

 

(7,486

)

Changes due to foreign currency fluctuations

 

4,820

 

 

 

(56,071

)

 

 

 

 

 

(51,251

)

Balance at December 31, 2016

$

2,811,801

 

 

$

498,421

 

 

$

280,798

 

 

$

3,591,020

 

 

(1)

The January 1, 2015 balances have been recast to reflect the new organizational structure. Domestic and Canada RCS goodwill from the International RCS and Other includes resulting from the changes described.

Carrying Values of Other Intangible Assets

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

 

In thousands

 

 

2016

 

 

2015

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

1,553,398

 

 

$

261,306

 

 

$

1,292,092

 

 

$

1,304,388

 

 

$

144,020

 

 

$

1,160,368

 

Covenants not-to-compete

 

9,491

 

 

 

6,371

 

 

 

3,120

 

 

 

6,878

 

 

 

5,141

 

 

 

1,737

 

Tradenames

 

5,708

 

 

 

1,365

 

 

 

4,343

 

 

 

3,819

 

 

 

948

 

 

 

2,871

 

Other

 

19,076

 

 

 

2,526

 

 

 

16,550

 

 

 

18,902

 

 

 

916

 

 

 

17,986

 

Indefinite lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating permits

 

229,396

 

 

 

 

 

 

229,396

 

 

 

233,101

 

 

 

 

 

 

233,101

 

Tradenames

 

316,472

 

 

 

 

 

 

316,472

 

 

 

426,498

 

 

 

 

 

 

426,498

 

Total

$

2,133,541

 

 

$

271,568

 

 

$

1,861,973

 

 

$

1,993,586

 

 

$

151,025

 

 

$

1,842,561

 

 

Changes in Carrying Amount of Intangible Assets

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

 

1,016,775

 

Valuation adjustments for prior year acquisitions

 

35,241

 

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

 

35,564

 

Valuation adjustments for prior year acquisitions

 

168,979

 

Intangible write-offs due to disposition and assets held for sale

 

(15,961

)

Impairments during the year

 

(1,406

)

Amortization during the year

 

(129,300

)

Changes due to foreign currency fluctuations

 

(38,464

)

Balance at December 31, 2016

$

1,861,973

 

 

Estimated Amortization Expense

The estimated amortization expense for each of the next five years is as follows for the years ended December 31:

 

In thousands

 

2017

$

116,265

 

2018

 

116,127

 

2019

 

115,738

 

2020

 

115,045

 

2021

 

113,919