Goodwill and other intangibles

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangibles. The summary of changes in goodwill is as follows.



	Title		Ancillary Services and Corporate	Consolidated Total
			($000 omitted)
Balances at December 31, 2017	225,699		5,729	231,428
Acquisitions	15,804		—	15,804
Disposals	(42	)	—	(42	)
Balances at September 30, 2018	241,461		5,729	247,190

During 2018, the Company acquired several title businesses which increased goodwill related to the title segment by a total of $15.8 million, which is substantially deductible for income tax purposes over a period of 15 years. Also, in connection with the acquisitions, the Company identified and recorded $4.4 million of other intangibles, primarily related to employment and non-compete agreements, to be amortized between 1 year to 3 years from the dates of acquisition.

The Company evaluates goodwill for impairment annually based on information as of June 30 of the current year or more frequently if circumstances suggest that an impairment may exist. The Company performed its annual goodwill impairment analysis during the quarter ended September 30, 2018, utilizing the quantitative assessment method for its direct operations, agency operations, international operations and ancillary services reporting units. Based on the quantitative analysis performed, the Company concluded that the goodwill related to all reporting units was not impaired.