XML 37 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6

Business Combinations (Tables)

3 Months Ended

Mar. 31, 2012

Business Combinations [Abstract]

Acquisitions Accounted For As Business Combinations

(in thousands)
Name		Business Segment		2012 Date of Acquisition		Cash Paid				Note Payable				Other Payable				Recorded Earn-out Payable				Net Assets Acquired				Maximum Potential Earn-out Payable
Arrowhead General Insurance Agency Superholding Corporation.		National Programs ; Services		January 9		$	397,531			$	—			$	21,391			$	3,634			$	422,556			$	5,000
Other		Various		Various			3,716				—				—				1,080				4,796				3,488
Total						$	401,247			$	—			$	21,391			$	4,714			$	427,352			$	8,488

(in thousands)
Name		Business Segment				2011 Date of Acquisition				Cash Paid				Note Payable				Recorded Earn-out Payable				Net Assets Acquired				Maximum Potential Earn-out Payable
Balcos Insurance, Inc., et al			Retail				January 1			$	8,611			$	—			$	1,595			$	10,206			$	5,766
Associated Insurance Services, Inc., et al.			Retail				January 1				12,000				—				1,575				13,575				6,000
United Benefit Services Insurance Agency, et al.			Retail				February 1				14,283				—				3,199				17,482				9,133
Other			Retail				Various				8,961				550				2,572				12,083				6,863
Total										$	43,855			$	550			$	8,941			$	53,346			$	27,762

Estimated Fair Values Of The Aggregate Assets And Liabilities Acquired

(in thousands)		Arrowhead				Other				Total
Cash		$	62,396			$	—			$	62,396
Other current assets			66,828				110				66,938
Fixed assets			4,743				25				4,768
Goodwill			320,145				2,899				323,044
Purchased customer accounts			100,072				1,828				101,900
Non-compete agreements			100				54				154
Other assets			41				—				41
Total assets acquired			554,325				4,916				559,241
Other current liabilities			(105,118	)			(120	)			(105,238	)
Deferred income taxes, net			(26,651	)			—				(26,651	)
Total liabilities assumed			(131,769	)			(120	)			(131,889	)
Net assets acquired		$	422,556			$	4,796			$	427,352

(in thousands)		Balcos				AIS				United				Other				Total
Cash		$	—			$	—			$	—			$	—			$	—
Other current assets			—				—				—				267				267
Fixed assets			20				100				20				32				172
Goodwill			6,651				9,297				10,661				7,715				34,324
Purchased customer accounts			3,530				4,086				6,787				4,746				19,149
Non-compete agreements			42				92				45				33				212
Other assets			—				—				4				—				4
Total assets acquired			10,243				13,575				17,517				12,793				54,128
Other current liabilities			(37	)			—				(35	)			(710	)			(782	)
Total liabilities assumed			(37	)			—				(35	)			(710	)			(782	)
Net assets acquired		$	10,206			$	13,575			$	17,482			$	12,083			$	53,346

Results Of Operations

(UNAUDITED)		For the three months ended March 31,
(in thousands, except per share data)		2012				2011
Total revenues		$	304,916			$	289,935
Income before income taxes		$	83,481			$	84,178
Net income		$	49,846			$	50,826
Net income per share:
Basic		$	0.35			$	0.36
Diluted		$	0.34			$	0.35
Weighted average number of shares outstanding:
Basic			139,001				138,351
Diluted			141,500				140,648

(UNAUDITED)		For the three months ended March 31,
(in thousands, except per share data)		2011				2010
Total revenues		$	262,979			$	258,069
Income before income taxes			76,932				75,171
Net income			46,451				45,388
Net income per share:
Basic		$	0.33			$	0.32
Diluted		$	0.32			$	0.32
Weighted average number of shares outstanding:
Basic			138,351				137,623
Diluted			140,648				137,791

Estimated Acquisition Earn-Out Payables

(in thousands)		2012				2011
Balance as of January 1		$	47,715			$	29,608
Additions to estimated acquisition earn-out payables			4,714				8,941
Payments for estimated acquisition earn-out payables			(133	)			(358	)
Net change in earnings from estimated acquisition earn-out payables:
Change in fair value on estimated acquisition earn-out payables			(970	)			(515	)
Interest expense accretion			582				416
Net change in earnings from estimated acquisition earn-out payables			(388	)			(99	)
Balance as of March 31		$	51,908			$	38,092

X

- Definition

Schedule Of Business Acquisition Estimated Earn-Out Payables [Table Text Block]

+ References

No definition available.

+ Details

Name:	bro_ScheduleOfBusinessAcquisitionEstimatedEarnOutPayablesTableTextBlock
Namespace Prefix:	bro_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 54

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 55

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph r(2, 3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Appendix F

-Paragraph F4

-Subparagraph e



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1486-128463



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 805

-SubTopic 30

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6927-128479

+ Details

Name:	us-gaap_ScheduleOfPurchasePriceAllocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration