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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets

The following schedule summarizes goodwill and other intangible assets (in thousands):

 

 

 

December 31, 2014

 

 

 

Weighted Average Amortization Period

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

Carrying Amount

 

Goodwill

 

 

-

 

 

$

288,857

 

 

$

-

 

 

$

288,857

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts

 

3-5 years

 

 

 

209,850

 

 

 

(134,454

)

 

 

75,396

 

Trademark

 

3 years

 

 

 

16,900

 

 

 

(11,761

)

 

 

5,139

 

Developed technology

 

5 years

 

 

 

1,000

 

 

 

(533

)

 

 

467

 

Noncompete agreements

 

2-3 years

 

 

 

1,940

 

 

 

(1,224

)

 

 

716

 

 

 

4 years

 

 

 

229,690

 

 

 

(147,972

)

 

 

81,718

 

Total

 

 

 

 

 

$

518,547

 

 

$

(147,972

)

 

$

370,575

 

 

 

 

December 31, 2013

 

 

 

Weighted Average

Amortization

Period

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying Amount

 

Goodwill

 

 

-

 

 

$

288,857

 

 

$

-

 

 

$

288,857

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts

 

3-5 years

 

 

 

209,850

 

 

 

(88,579

)

 

 

121,271

 

Trademark

 

3 years

 

 

 

16,900

 

 

 

(6,128

)

 

 

10,772

 

Developed technology

 

5 years

 

 

 

1,000

 

 

 

(333

)

 

 

667

 

Noncompete agreements

 

2-3 years

 

 

 

1,940

 

 

 

(630

)

 

 

1,310

 

 

 

4 years

 

 

 

229,690

 

 

 

(95,670

)

 

 

134,020

 

Total

 

 

 

 

 

$

518,547

 

 

$

(95,670

)

 

$

422,877

 

 

Schedule of Expected Amortization Expense Related to Amortizable Intangibles in Future Periods

Amortization expense related to amortizable intangibles in future periods as of December 31, 2014 is expected to be as follows (in thousands):

 

Year ending December 31:

 

 

 

 

2015

 

$

38,905

 

2016

 

 

18,376

 

2017

 

 

16,617

 

2018

 

 

7,820

 

2019 and thereafter

 

 

-

 

Total

 

$

81,718