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Intangible Assets and Acquisitions | 12 Months Ended
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Dec. 31, 2014
Intangible Assets and Acquisitions [Abstract] |
Intangible Assets and Acquisitions | Note F — Intangible Assets and Acquisitions Intangible Assets Amortizable intangible assets consist of the following (in thousands):
|  |  |  | December 31, 2014 |  | December 31, 2013
|  | Avg. Life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Non-compete agreements |  | 3 |  | $ | 5,585 |  |  | $ | 5,435 |  |  | $ | 6,337 |  |  | $ | 6,102 |
Customer relationships |  | 2 |  | 76,299 |  |  | 74,182 |  |  | 74,799 |  |  | 71,899 |
Vendor relationships |  | 11 |  | 7,538 |  |  | 2,272 |  |  | 7,538 |  |  | 1,704 |
Total |  |  |  | $ | 89,422 |  |  | $ | 81,889 |  |  | $ | 88,674 |  |  | $ | 79,705 |
Aggregate amortization expense (in thousands):
Year Ended December 31, 2014 | $ | 2,955 |
Year Ended December 31, 2013 | $ | 3,559 |
Year Ended December 31, 2012 | $ | 4,668 |
Estimated amortization expense, assuming current intangible balances and no new acquisitions, for each of the years ending December 31, is as follows (in thousands):
| Estimated Amortization Expense
2015 | $ | 2,365 |
2016 | 1,038 |
2017 | 568 |
2018 | 445 |
2019 | 445 |
Thereafter | 2,672 |
| $ | 7,533 |
At December 31, 2014, the amount of goodwill allocated to the Core U.S. and Acceptance Now segments was approximately $1,316.1 million and $54.4 million, respectively. At December 31, 2013, the amount of goodwill allocated to the Core U.S. and Acceptance Now segments was approximately $1,310.1 million and $54.4 million, respectively. During the years ended December 31, 2013 and 2012, we recorded goodwill impairment charges of $1.1 million and $1.0 million, respectively, in our Core U.S. segment as a result of the sustained underperformance of certain stores located in Canada. These charges are included in depreciation, amortization and write-down of intangibles in the consolidated statements of earnings. A summary of the changes in recorded goodwill follows (in thousands):
|  | Year Ended December 31,
|  | 2014 |  | 2013
Balance as of January 1, |  | $ | 1,364,549 |  |  | $ | 1,344,665 |
Additions from acquisitions |  | 14,562 |  |  | 28,282 |
Goodwill impairments and write-offs related to stores sold or closed |  | (8,458 | ) |  | (9,038 | )
Post purchase price allocation adjustments |  | (194 | ) |  | 640 |
Balance as of the end of the period |  | $ | 1,370,459 |  |  | $ | 1,364,549 |
Acquisitions The following table provides information concerning the acquisitions made during the years ended December 31, 2014, 2013 and 2012.
|  | Year Ended December 31,
|  | 2014 |  | 2013 |  | 2012
|  | (Dollar amounts in thousands)
Number of stores acquired remaining open |  | 6 |  |  | 47 |  |  | 6 |
Number of stores acquired that were merged with existing stores |  | 13 |  |  | 38 |  |  | 31 |
Number of transactions |  | 26 |  |  | 47 |  |  | 19 |
Total purchase price |  | $ | 26,653 |  |  | $ | 41,236 |  |  | $ | 13,258 |
Amounts allocated to: |  |  |  |  |  |
Goodwill |  | $ | 14,562 |  |  | $ | 28,282 |  |  | $ | 6,874 |
Non-compete agreements |  | — |  |  | 235 |  |  | — |
Customer relationships |  | 1,525 |  |  | 2,959 |  |  | 1,160 |
Rental merchandise |  | 9,731 |  |  | 11,843 |  |  | 4,380 |
Property and other assets |  | 835 |  |  | 910 |  |  | 845 |
Purchase prices are determined by evaluating the average monthly rental income of the acquired stores and applying a multiple to the total for rent-to-own store acquisitions. All acquisitions have been accounted for as asset purchases, and the operating results of the acquired stores and accounts have been included in the financial statements since their date of acquisition. The weighted average amortization period was approximately 21 months months for intangible assets added during the year ended December 31, 2014. Additions to goodwill due to acquisitions in 2014 were tax deductible.

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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