Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Note 8. Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill were as follows:

(in thousands)	Marketing & Events U.S. Segment		Marketing & Events International Segment		Travel & Recreation Group		Total
Balance at December 31, 2015	$	112,300	$	38,635	$	34,288	$	185,223
Business acquisitions		—		—		1,352		1,352
Foreign currency translation adjustments		—		211		2,480		2,691
Balance at March 31, 2016	$	112,300	$	38,846	$	38,120	$	189,266

Intangible assets consisted of the following:

	March 31, 2016							December 31, 2015
(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets:
Customer contracts and relationships	$	40,143	$	(9,399	)	$	30,744	$	38,342	$	(7,814	)	$	30,528
Operating contracts and licenses		9,628		(309	)		9,319		665		(272	)		393
Other		4,883		(2,843	)		2,040		3,736		(1,795	)		1,941
Total amortized intangible assets		54,654		(12,551	)		42,103		42,743		(9,881	)		32,862
Unamortized intangible assets:
Business licenses		460		—			460		460		—			460
Total	$	55,114	$	(12,551	)	$	42,563	$	43,203	$	(9,881	)	$	33,322

Intangible asset amortization expense was $1.7 million and $2.0 million for the three months ended March 31, 2016 and 2015, respectively. The weighted-average amortization period of customer contracts and relationships, operating contracts and licenses, and other amortizable intangible assets is approximately 7.9 years, 27.7 years, and 2.5 years, respectively. The estimated future amortization expense related to amortized intangible assets held at March 31, 2016 is as follows:

(in thousands)
Year ending December 31,
Remainder of 2016	$	5,443
2017		6,159
2018		5,174
2019		4,794
2020		4,240
Thereafter		16,293
Total	$	42,103

- 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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