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Goodwill and Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets, Net  
Schedule of goodwill, by segment

 

 

 

At September 30,

 

At December 31,

 

(in thousands)

 

2013

 

2012

 

2012

 

North America

 

$

87,104

 

$

77,630

 

$

78,739

 

Europe

 

41,388

 

49,238

 

41,263

 

Asia/Pacific

 

1,778

 

1,944

 

1,979

 

Total

 

$

130,270

 

$

128,812

 

$

121,981

 

 

Schedule of net intangible assets, by segment

 

 

 

At September 30, 2013

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

(in thousands)

 

Amount

 

Amortization

 

Amount

 

North America

 

$

33,975

 

$

(15,032

)

$

18,943

 

Europe

 

27,285

 

(9,273

)

18,012

 

Total

 

$

61,260

 

$

(24,305

)

$

36,955

 

 

 

 

At September 30, 2012

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Amount

 

Amortization

 

Amount

 

North America

 

$

35,620

 

$

(16,278

)

$

19,342

 

Europe

 

28,064

 

(7,331

)

20,733

 

Total

 

$

63,684

 

$

(23,609

)

$

40,075

 

 

 

 

At December 31, 2012

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Amount

 

Amortization

 

Amount

 

North America

 

$

37,992

 

$

(12,012

)

$

25,980

 

Europe

 

31,701

 

(7,083

)

24,618

 

Total

 

$

69,693

 

$

(19,095

)

$

50,598

 

Schedule of estimated future amortization of intangible assets

 

 

(in thousands)

 

 

 

 

 

 

 

Remaining three months of 2013

 

$

1,772

 

2014

 

6,997

 

2015

 

6,085

 

2016

 

5,810

 

2017

 

3,848

 

2018

 

2,954

 

Thereafter

 

9,489

 

 

 

$

36,955

 

Changes in the carrying amount of goodwill and intangible assets

 

 

 

 

 

 

Intangible

 

(in thousands)

 

Goodwill

 

Assets

 

 

 

 

 

 

 

Balance at December 31, 2012

 

$

121,981

 

$

50,598

 

Acquisitions

 

2,606

 

1,869

 

Reclassifications*

 

5,253

 

(10,318

)

Amortization

 

 

(5,209

)

Foreign exchange

 

430

 

15

 

Balance at September 30, 2013

 

$

130,270

 

$

36,955

 

 

 

* Measurement period adjustments related to finalizing or revising preliminary accounting for business combinations. The revisions related to finalizing the S&P Clever acquisition included a $4.8 million increase to other non-current assets, a $4.5 million decrease in amortizable intangible assets and a $0.6 million decrease in goodwill. Revisions related to the Keymark acquisition included a $5.9 million increase in goodwill with a corresponding $5.9 million decrease to amortizable intangible assets.