Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.2.0.727
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets  
Schedule of changes in the carrying amount of the Company's goodwill

 

Balance at December 31, 2014

 

$
104,976 

 

Upside acquisition

 
1,589 

 

Finance Logix acquisition

 
19,802 

 

 

 

 

 

Balance at June 30, 2015

 

$
126,367 

 

 

 

 

 

 

 

Schedule of components of intangible assets

 

 

 

 

 

June 30, 2015

 

December 31, 2014

 

 

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists

 

4 - 12 years

 

$
81,103

 

$
(26,606

)

$
54,497

 

$
68,603

 

$
(21,699

)

$
46,904

 

Proprietary technologies

 

1.5 - 8 years

 
19,128

 
(7,259

)
11,869

 
15,678

 
(5,808

)
9,870

 

Trade names

 

5 years

 
3,090

 
(1,545

)
1,545

 
3,090

 
(1,210

)
1,880

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

$
103,321

 

$
(35,410

)

$
67,911

 

$
87,371

 

$
(28,717

)

$
58,654

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of amortization expense

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

$
3,560 

 

$
2,554 

 

$
6,693 

 

$
4,998