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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
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