Goodwill and Intangible Assets |
8. Goodwill and Intangible Assets As of December 31, the gross and net amounts of acquired intangible assets were as follows: | | | | | | | Goodwill | | Strategic Marketing Services | | Performance Marketing Services | | Total | Balance as of December 31, 2011 | | $ | 389,525 | | | $ | 215,719 | | | $ | 605,244 | | Acquired goodwill | | | 93,531 | | | | 19,873 | | | | 113,404 | | Acquisition purchase price adjustments | | | (78 | ) | | | (223 | ) | | | (301 | ) | Foreign currency translation | | | 782 | | | | 942 | | | | 1,724 | | Balance as of December 31, 2012 | | $ | 483,760 | | | $ | 236,311 | | | $ | 720,071 | | Acquired goodwill | | | — | | | | 35,956 | | | | 35,956 | | Discontinued operations | | | (3,981 | ) | | | (2,493 | ) | | | (6,474 | ) | Foreign currency translation | | | (2,374 | ) | | | (2,846 | ) | | | (5,220 | ) | Balance as of December 31, 2013 | | $ | 477,405 | | | $ | 266,928 | | | $ | 744,333 | | | | | | | | | For the Year Ended December 31, | | | 2013 | | 2012 | Intangibles: | | | | | | | | | Trademarks (indefinite life) | | $ | 17,780 | | | $ | 17,780 | | Customer relationships – gross | | $ | 92,640 | | | $ | 104,070 | | Less accumulated amortization | | | (62,906 | ) | | | (66,108 | ) | Customer relationships – net | | $ | 29,734 | | | $ | 37,962 | | Other intangibles – gross | | $ | 17,064 | | | $ | 20,908 | | Less accumulated amortization | | | (8,316 | ) | | | (13,407 | ) | Other intangibles – net | | $ | 8,748 | | | $ | 7,501 | | Total intangible assets | | $ | 127,484 | | | $ | 142,758 | | Less accumulated amortization | | | (71,222 | ) | | | (79,515 | ) | Total intangible assets – net | | $ | 56,262 | | | $ | 63,243 | | See Note 4 for Accounting for Business Combinations. The total accumulated impairment charges are $31,319 through December 31, 2013. The weighted average amortization periods for customer relationships are 5 years and other intangible assets are 8 years. In total, the weighted average amortization period is 6 years. The amortization expense of amortizable intangible assets for the year ended December 31, 2013, was $18,908 (2012 – $26,575; 2011 – $21,997) the estimated amortization expense for the five succeeding years is: | | | Year | | Amortization | 2014 | | $ | 13,833 | | 2015 | | $ | 9,199 | | 2016 | | $ | 6,277 | | 2017 | | $ | 2,912 | | 2018 | | $ | 1,352 | | |