GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 25, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following table reflects goodwill at March 25, 2016 and December 25, 2015 (in thousands):



	Staffing Services			Managed Services		Total Company
Balance at December 25, 2015
Goodwill before impairment	$	210,281		$	104,424	$	314,705
Accumulated impairment loss	(46,210		)	—		(46,210		)
Goodwill, net	164,071			104,424		268,495

Adjusted goodwill (1)	(4,611		)	—		(4,611		)
Acquired goodwill (2)	—			25,999		25,999
Other (3)	—			1,511		1,511

Balance at March 25, 2016
Goodwill before impairment	205,670			131,934		337,604
Accumulated impairment loss	(46,210		)	—		(46,210		)
Goodwill, net	$	159,460		$	131,934	$	291,394

(1) Effective December 1, 2015, we acquired SIMOS. The goodwill associated with the acquisition has been adjusted based on our final purchase price allocation. For additional information see Note 2: Acquisitions.

(2) Effective January 4, 2016, we acquired the RPO business of Aon Hewitt, which will be fully integrated into our PeopleScout RPO service line, and is part of our Managed Services reportable segment.Accordingly, the goodwill associated with the acquisition has been assigned to our Managed Services reportable segment based on our preliminary purchase price allocation. For additional information see Note 2: Acquisitions.

(3) Other is comprised of changes in the goodwill balance as a result of foreign currency translation.

Intangible assets

The following table presents our purchased finite-lived intangible assets (in thousands):



	March 25, 2016							December 25, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Finite-lived intangible assets (1):
Customer relationships	$	196,649	$	(41,774	)	$	154,875	$	161,376	$	(36,846	)	$	124,530
Trade names/trademarks	10,888		(4,109		)	6,779		5,179		(3,447		)	1,732
Non-compete agreements	1,800		(1,267		)	533		1,800		(1,177		)	623
Technologies	17,933		(6,991		)	10,942		17,310		(6,536		)	10,774
Total finite-lived intangible assets	$	227,270	$	(54,141	)	$	173,129	$	185,665	$	(48,006	)	$	137,659


(1)	Excludes assets that are fully amortized.

Finite-lived intangible assets include customer relationships and technologies of $34.5 million and $0.4 million, respectively, based on our preliminary purchase price allocation relating to our acquisition of the RPO business of Aon Hewitt. Refer to Note 2: Acquisitions, for additional information regarding this acquisition.

Amortization expense of our finite-lived intangible assets was $6.1 million and $5.2 million for the thirteen weeks ended March 25, 2016 and March 27, 2015, respectively.

The following table provides the estimated future amortization of finite-lived intangible assets as of March 25, 2016 (in thousands):



Remainder of 2016	$	21,094
2017	25,665
2018	24,965
2019	20,364
2020	18,409
Thereafter	62,632
Total future amortization	$	173,129

We also held indefinite-lived trade names/trademarks of $10.5 million and $16.2 million as of March 25, 2016 and December 25, 2015, respectively. Due to a realignment of our branch network, we have determined that certain trade names are no longer indefinite lived assets and have began amortizing these trade names over their estimated useful lives of 3 years commencing as of December 26, 2015.

- 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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