Goodwill and Identifiable Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets

Goodwill and Other Identifiable Intangible Assets.

The changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 are as follows (in thousands):



	Apex		Oxford		Life Sciences		Healthcare			Physician			Total
Balance as of December 31, 2011
Gross goodwill	$	—	$	149,483	$	27,668	$	122,230		$	51,570		$	350,951
Accumulated impairment loss	—		—		—		(121,717		)	—			(121,717		)
	—		149,483		27,668		513			51,570			229,234
Apex Acquisition (see Note 3)	264,590		—		—		—			—			264,590
Acquisition Accounting	—		—		1,814		—			(9		)	1,805
Translation adjustment	—		—		529		—			—			529
Balance as of December 31, 2012
Gross goodwill	264,590		149,483		30,011		122,230			51,561			617,875
Accumulated impairment loss	—		—		—		(121,717		)	—			(121,717		)
	264,590		149,483		30,011		513			51,561			496,158
Whitaker acquisition (see Note 3)	—		—		—		—			7,452			7,452
CyberCoders acquisition (see Note 3)	—		70,527		—		—			—			70,527
Divestiture - gross goodwill	—		—		—		(121,717		)	—			(121,717		)
Divestiture - accumulated impairment loss	—		—		—		121,717			—			121,717
Transfers	—		513		—		(513		)	—			—
Translation adjustment	—		—		811		—			—			811
Balance as of December 31, 2013
Gross goodwill	264,590		220,523		30,822		—			59,013			574,948
Accumulated impairment	—		—		—		—			—			—
	$	264,590	$	220,523	$	30,822	$	—		$	59,013		$	574,948

As of December 31, 2013 and December 31, 2012, the Company had the following acquired intangible assets (in thousands):



		2013						2012
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Subject to amortization:
Customer relations	3 months – 10 years	$	110,007	$	41,564	$	68,443	$	103,285	$	23,338	$	79,947
Contractor relations	2 - 7 years	43,598		30,737		12,861		37,871		27,754		10,117
Non-compete agreements	2 - 7 years	3,863		1,424		2,439		2,986		1,062		1,924
In-use software	6 years	18,900		263		18,637		—		—		—
		176,368		73,988		102,380		144,142		52,154		91,988
Not subject to amortization:
Trademarks		186,075		—		186,075		171,852		—		171,852
Goodwill		574,948		—		574,948		496,158		—		496,158
Total		$	937,391	$	73,988	$	863,403	$	812,152	$	52,154	$	759,998

Amortization expense for intangible assets with finite lives was $21.8 million in 2013, $18.0 million in 2012 and $2.3 million in 2011. Estimated amortization for the each of the next five fiscal years and thereafter follows (in thousands):



2014	$	24,509
2015	21,326
2016	17,721
2017	12,888
2018	10,307
Thereafter	15,629
	$	102,380

Goodwill and other intangible assets having an indefinite useful life are not amortized for financial statement purposes. Goodwill and intangible assets with indefinite lives are reviewed for impairment on an annual basis as of October 31 in 2013 and as of December 31, for prior periods, and whenever certain events or changes in circumstances occur. No impairment charge was recorded for any of the reporting units during 2013, 2012 and 2011.

- 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.

+ References+ Details