XML 35 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Other Intangible Assets
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note 10—Other Intangible Assets

The carrying amount of other intangible assets consisted of the following:

 

(Dollar amounts in thousands)    Useful life in years    December 31, 2015  
        Gross
amount
     Accumulated
amortization
     Net carrying
amount
 

Customer relationships

   10 – 14    $ 322,632       $ (117,963    $ 204,669   

Trademark

   10 – 15      39,950         (18,186      21,764   

Software packages

   3 – 10      155,611         (106,735      48,876   

Non-compete agreement

   15      56,539         (19,789      36,750   
     

 

 

    

 

 

    

 

 

 

Other intangible assets, net

      $ 574,732       $ (262,673    $ 312,059   
     

 

 

    

 

 

    

 

 

 

 

(Dollar amounts in thousands)    Useful life in years    December 31, 2014  
        Gross
amount
     Accumulated
amortization
     Net carrying
amount
 
          (As restated)  

Customer relationships

   14    $ 312,735       $ (95,482    $ 217,253   

Trademark

   10 – 15      39,950         (14,722      25,228   

Software packages

   3 – 10      138,232         (86,605      51,627   

Non-compete agreement

   15      56,539         (16,019      40,520   
     

 

 

    

 

 

    

 

 

 

Other intangible assets, net

      $ 547,456       $ (212,828    $ 334,628   
     

 

 

    

 

 

    

 

 

 

 

Amortization expense related to intangibles was $49.9 million, $50.5 million and $54.2 million for the years ended December 31, 2015, 2014 and 2013, respectively. Amortization expense related to software costs was $20.1 million, $21.0 million and $24.5 million for the years ended December 31, 2015, 2014 and 2013, respectively. The estimated amortization expenses of balances outstanding at December 31, 2015 for the next five years are as follows:

 

(Dollar amounts in thousands)       

2016

   $ 42,532   

2017

     39,244   

2018

     35,956   

2019

     34,262   

2020

     32,151