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Goodwill and Other Intangibles (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill by reportable segment

Goodwill

The following table presents the changes in the carrying amount of goodwill by the Company’s European Operations segment for the three months ended March 31, 2017 (dollars in thousands):

 

 

 

 

 

 

 

 

Total

 

Balance at December 31, 2016

 

$

10,102

 

2017 Activity:

 

 

 

 

Currency translation adjustment

 

 

118

 

Balance at March 31, 2017

 

$

10,220

 

 

Summary of acquired other intangible assets

Other Intangible Assets

Acquired other intangible assets consisted of the following at March 31, 2017 and December 31, 2016 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2017

 

December 31, 2016

 

 

 

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

Useful Lives

 

 

 

Amount

 

Amortization

 

Amount

 

Amortization

 

(Years)

 

Trade name

    

$

8,519

    

$

 —

    

$

8,518

    

$

 —

    

 —

 

Customer-related intangibles

 

 

10,381

 

 

5,740

 

 

10,358

 

 

5,584

 

17.0

 

Proprietary software

 

 

23,184

 

 

21,658

 

 

23,165

 

 

21,456

 

9.4

 

Trading rights

 

 

339

 

 

 —

 

 

339

 

 

 —

 

 —

 

Other

 

 

50

 

 

 —

 

 

50

 

 

 —

 

 —

 

Total

 

$

42,473

 

$

27,398

 

$

42,430

 

$

27,040

 

 

 

 

Schedule of changes in the carrying amount of net intangible assets

The following table represents the changes in the carrying amount of net intangible assets for the three months ended March 31, 2017 (dollars in thousands):

 

 

 

 

 

 

 

 

Total

 

Balance at December 31, 2016

 

$

15,390

 

2017 Activity:

 

 

 

 

Amortization

 

 

(343)

 

Currency translation adjustment

 

 

28

 

Balance at March 31, 2017

 

$

15,075