Goodwill and Other Intangible Assets |
GOODWILL AND OTHER INTANGIBLE ASSETS The following table shows an analysis of goodwill and other intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | Goodwill and other intangible assets | | | | Goodwill | | Other intangible assets | | Total | | | Balance as of December 31, 2012 | | | | | | | | Gross amount | $ | 8,160 |
| | $ | 12,999 |
| | $ | 21,159 |
| | | Accumulated impairment losses and amortization | (2,299 | ) | | (10,374 | ) | | (12,673 | ) | | | | 5,861 |
| | 2,625 |
| | 8,486 |
| | | Amortization | — |
| | (375 | ) | | (375 | ) | | | Balance as of December 31, 2013 | | | | | | | | Gross amount | 8,160 |
| | 12,999 |
| | 21,159 |
| | | Accumulated impairment losses and amortization | (2,299 | ) | | (10,749 | ) | | (13,048 | ) | | | | 5,861 |
| | 2,250 |
| | 8,111 |
| | | Amortization | — |
| | (209 | ) | | (209 | ) | | | Balance as of December 31, 2014 | | | | | | | | Gross amount | 8,160 |
| | 12,999 |
| | 21,159 |
| | | Accumulated impairment losses and amortization | (2,299 | ) | | (10,958 | ) | | (13,257 | ) | | | | $ | 5,861 |
| | $ | 2,041 |
| | $ | 7,902 |
| | | | | | | | | |
The following table shows an analysis of goodwill and other intangible assets included in investments in other ventures, under equity method: | | | | | | | | | | | | | | | | | | | | | | | | | Goodwill and other intangible assets included in investments in other ventures, under equity method | | | | Goodwill | | Other intangible assets | | Total | | | Balance as of December 31, 2012 | | | | | | | | Gross amount | $ | 10,840 |
| | $ | 44,323 |
| | $ | 55,163 |
| | | Accumulated impairment losses and amortization | — |
| | (24,769 | ) | | (24,769 | ) | | | | 10,840 |
| | 19,554 |
| | 30,394 |
| | | Acquired during the year | 1,705 |
| | 1,155 |
| | 2,860 |
| | | Amortization | — |
| | (4,042 | ) | | (4,042 | ) | | | Balance as of December 31, 2013 | | | | | | | | Gross amount | 12,545 |
| | 45,478 |
| | 58,023 |
| | | Accumulated impairment losses and amortization | — |
| | (28,811 | ) | | (28,811 | ) | | | | 12,545 |
| | 16,667 |
| | 29,212 |
| | | Adjustments to gross amount | (227 | ) | | (78 | ) | | (305 | ) | | | Amortization | — |
| | (3,655 | ) | | (3,655 | ) | | | Balance as of December 31, 2014 | | | | | | | | Gross amount | 12,318 |
| | 45,400 |
| | 57,718 |
| | | Accumulated impairment losses and amortization | — |
| | (32,466 | ) | | (32,466 | ) | | | | $ | 12,318 |
| | $ | 12,934 |
| | $ | 25,252 |
| | | | | | | | | |
The gross carrying value and accumulated amortization by major category of other intangible assets is shown below: | | | | | | | | | | | | | | | | | | | | | | | | | Other intangible assets | | | At December 31, 2014 | Gross carrying value | | Accumulated amortization and impairment losses | | Total | | | Customer relationships and customer lists | $ | 40,562 |
| | $ | (28,057 | ) | | $ | 12,505 |
| | | Lloyd’s managing agency license | 1,867 |
| | — |
| | 1,867 |
| | | Trademarks and trade names | 610 |
| | (159 | ) | | 451 |
| | | Covenants not-to-compete | 2,130 |
| | (1,978 | ) | | 152 |
| | | Software | 8,730 |
| | (8,730 | ) | | — |
| | | Patents and intellectual property | 4,500 |
| | (4,500 | ) | | — |
| | | | $ | 58,399 |
| | $ | (43,424 | ) | | $ | 14,975 |
| | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Other intangible assets | | | At December 31, 2013 | Gross carrying value | | Accumulated amortization and impairment losses | | Total | | | Customer relationships and customer lists | $ | 40,640 |
| | $ | (24,522 | ) | | $ | 16,118 |
| | | Lloyd’s managing agency license | 1,867 |
| | — |
| | 1,867 |
| | | Covenants not-to-compete | 2,130 |
| | (1,674 | ) | | 456 |
| | | Trademarks and trade names | 610 |
| | (134 | ) | | 476 |
| | | Software | 8,730 |
| | (8,730 | ) | | — |
| | | Patents and intellectual property | 4,500 |
| | (4,500 | ) | | — |
| | | | $ | 58,477 |
| | $ | (39,560 | ) | | $ | 18,917 |
| | | | | | | | | |
The useful life of intangible assets with finite lives ranges from one to 25 years, with a weighted-average amortization period of 11 years. Expected amortization of the other intangible assets, including other intangible assets recorded in investments in other ventures, under equity method, is shown below: | | | | | | | | | | | | | | | | | | | | | | | | | Other intangibles | | Other intangible assets included in investments in other ventures, under equity method | | Total | | | 2015 | $ | 174 |
| | $ | 2,991 |
| | $ | 3,165 |
| | | 2016 | — |
| | 2,292 |
| | 2,292 |
| | | 2017 | — |
| | 1,914 |
| | 1,914 |
| | | 2018 | — |
| | 1,484 |
| | 1,484 |
| | | 2019 | — |
| | 1,041 |
| | 1,041 |
| | | 2020 and thereafter | — |
| | 3,212 |
| | 3,212 |
| | | Total remaining amortization expense | $ | 174 |
| | $ | 12,934 |
| | $ | 13,108 |
| | | Indefinite lived | 1,867 |
| | — |
| | 1,867 |
| | | Total | $ | 2,041 |
| | $ | 12,934 |
| | $ | 14,975 |
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