XML 73 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill and Other Intangible Assets, Net [Abstract]  
Components of goodwill and other intangible assets, net

The components of goodwill and other intangible assets, net at December 31, 2012 and 2011 were as follows (in thousands):

 

                 
    2012     2011  

Goodwill

  $ 440,709     $ 377,281  

Intangibles:

               

Client lists

    168,699       128,537  

Other intangibles

    9,644       9,826  
   

 

 

   

 

 

 

Total intangibles

    178,343       138,363  
   

 

 

   

 

 

 

Total goodwill and other intangibles assets

    619,052       515,644  

Accumulated amortization:

               

Client lists

    (62,115     (50,969

Other intangibles

    (5,718     (6,335
   

 

 

   

 

 

 

Total accumulated amortization

    (67,833     (57,304
   

 

 

   

 

 

 

Goodwill and other intangible assets, net

  $ 551,219     $ 458,340  
   

 

 

   

 

 

 
Changes in carrying amount of goodwill by operating segment

Changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2012 and 2011 were as follows (in thousands):

 

                                         
    Financial
Services
    Employee
Services
    Medical
Management
Professionals
    National
Practices
    Total
Goodwill
 

December 31, 2010

  $ 203,441     $ 79,132     $ 59,847     $ 1,666     $ 344,086  

Additions

    30,002       5,645                   35,647  

Divestitures

    (280     (2,172                 (2,452
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

December 31, 2011

  $ 233,163     $ 82,605     $ 59,847     $ 1,666     $ 377,281  

Additions

    26,620       32,493       4,315             63,428  

Divestitures

                             
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

December 31, 2012

  $ 259,783     $ 115,098     $ 64,162     $ 1,666     $ 440,709  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Amortization expense related to client lists and other intangible assets

Amortization expense related to client lists and other intangible assets for the years ended December 31, 2012, 2011 and 2010 was as follows (in thousands):

 

                         
    2012     2011     2010  

Operating expenses

  $ 15,242     $ 13,750     $ 13,016  

Corporate general and administrative expenses

    16       17       16  
   

 

 

   

 

 

   

 

 

 

Total amortization expense

  $ 15,258     $ 13,767     $ 13,032  
   

 

 

   

 

 

   

 

 

 
Amortization expense for existing client lists and other intangible assets

Amortization expense for existing client lists and other intangible assets for each of the next five years ending December 31 is estimated to be (in thousands):

 

         

2013

  $ 17,122  
   

 

 

 

2014

  $ 16,569  
   

 

 

 

2015

  $ 15,219  
   

 

 

 

2016

  $ 13,337  
   

 

 

 

2017

  $ 12,309