Goodwill and other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and other Intangible Assets [Abstract]

(7) Goodwill and Other Intangible Assets

A summary of goodwill is as follows:

(In thousands)
January 1, 2014	$	263,634
Goodwill Acquired		2,323
December 31, 2015	$	265,957

January 1, 2013	$	264,997
Goodwill Adjustments		(1,363	)
December 31, 2014	$	263,634

The Company has intangible assets with definite useful lives capitalized on its consolidated balance sheet in the form of core deposit and other identified intangible assets. These intangible assets are amortized over their estimated useful lives, which range primarily from one to twelve years.

A summary of core deposit and other intangible assets follows:

	December 31,
(In thousands)	2015		2014
Core deposit intangibles
Gross carrying amount	$	19,401	$	19,401
Less: accumulated amortization		14,800		12,522
Net carrying amount		4,601		6,879

Identified intangible assets
Gross carrying amount		29,525		28,316
Less: accumulated amortization		16,861		14,878
Net carrying amount		12,664		13,438

Total intangibles
Gross carrying amount		48,926		47,717
Less: accumulated amortization		31,661		27,400
Net carrying amount	$	17,265	$	20,317

Amortization expense on intangible assets with definite useful lives totaled $4.9 million for 2015, $5.0 million for 2014 and $4.9 million for 2013. Amortization expense on intangible assets with definite useful lives is expected to total $3.8 million for 2016, $3.2 million for 2017, $2.5 million for 2018, $1.9 million for 2019, $1.5 million for 2020 and $4.4 million thereafter. Other identified intangible assets include customer lists, non-competes, and trademark intangibles.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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