XML 51 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 24. Goodwill and Intangible Assets Goodwill The table below sets forth the Company’s goodwill which is tested annually for impairment on November 30 th :
|  | Total |
Balance at January 1, 2020 |  | $ | 85,856 |
Changes |  |  | — |
Balance at June 30, 2020 |  | $ | 85,856 |
Goodwill arising from the ETFS Acquisition of $84,057 is not deductible for tax purposes as the acquisition was structured as a stock acquisition occurring in the United Kingdom. The remainder of the goodwill is deductible for U.S. tax purposes. Intangible Assets (Indefinite-Lived) The table below sets forth the Company’s intangible assets which are tested annually for impairment on November 30 th :
|  | Advisory Agreements (ETFS) |  |  | Advisory Agreements (Questrade AUM) |  |  | Total |
Balance at January 1, 2020 |  | $ | 601,247 |  |  | $ | 2,047 |  |  | $ | 603,294 |
Decreases (1) |  |  | — |  |  |  | (1,992 | ) |  |  | (1,992 | )
Foreign currency translation |  |  | — |  |  |  | (55 | ) |  |  | (55 | )
Balance at June 30, 2020 |  | $ | 601,247 |  |  | $ | — |  |  | $ | 601,247 |
(1) | Derecognized upon the sale of the Company’s Canadian ETF business (Note 25).
ETFS In connection with the ETFS Acquisition, which was completed on April 11, 2018, the Company identified intangible assets valued at $601,247 related to the right to manage AUM through customary advisory agreements. The intangible assets were determined to have indefinite useful lives and are not deductible for tax purposes. The Company has designated November 30 th as its annual impairment testing date for these intangible assets.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration