Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill for the three months ended March 31, 2014 were as follows:



(in thousands)	Marketing & Events U.S.		Marketing & Events International			Travel & Recreation Group			Total
Balance at December 31, 2013	$	62,686	$	22,611		$	44,246		$	129,543
Foreign currency translation adjustments	—		(242		)	(1,871		)	(2,113		)
Balance at March 31, 2014	$	62,686	$	22,369		$	42,375		$	127,430

The following table summarizes goodwill by reporting unit and segment as of the respective periods:



(in thousands)	March 31, 2014		December 31, 2013
Marketing & Events Group:
Marketing & Events U.S.	$	62,686	$	62,686
Marketing & Events International:
GES United Kingdom	14,139		14,049
GES Canada	8,230		8,562
Total Marketing & Events Group	85,055		85,297
Travel & Recreation Group:
Brewster	39,191		41,062
Alaska Denali Travel	3,184		3,184
Total Travel & Recreation Group	42,375		44,246
Goodwill	$	127,430	$	129,543

A summary of other intangible assets as of March 31, 2014 is presented below:



(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets:
Customer contracts and relationships	$	5,680	$	(2,828	)	$	2,852
Other	1,066		(242		)	824
Total amortized intangible assets	6,746		(3,070		)	3,676
Unamortized intangible assets:
Business licenses	460		—			460
Other intangible assets	$	7,206	$	(3,070	)	$	4,136

A summary of other intangible assets as of December 31, 2013 is presented below:



(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets:
Customer contracts and relationships	$	5,537	$	(2,521	)	$	3,016
Other	1,280		(276		)	1,004
Total amortized intangible assets	6,817		(2,797		)	4,020
Unamortized intangible assets:
Business licenses	460		—			460
Other intangible assets	$	7,277	$	(2,797	)	$	4,480

Intangible asset amortization expense for the three months ended March 31, 2014 and 2013 was $310,000 and $292,000, respectively. Estimated amortization expense related to amortized intangible assets for future years is expected to be as follows:



(in thousands)
2014	$	682
2015	$	791
2016	$	671
2017	$	550
2018	$	432
Thereafter	$	550

- 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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