Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.6
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets [Abstract]  
Changes in the carrying amount of the Company's goodwill
         

Balance at December 31, 2010

      $         2,031  

FundQuest acquisition

    19,303  
   

 

 

 

Balance at December 31, 2011

    21,334  

Prima acquisition

    9,283  

Tamarac acquisition

    35,027  
   

 

 

 

Balance at December 31, 2012

    $ 65,644  
   

 

 

 
Components of intangible assets
                                                     
        December 31, 2012     December 31, 2011  
    Useful Life   Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Amount
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Amount
 

Customer lists

  4 - 12 years     $     28,103       $     (8,720)       $     19,383       $     15,683       $     (3,458)       $     12,225  

Proprietary technologies

  5 - 8 years     6,580       (657)       5,923       -           -           -      

Trade names

  5 years     2,090       (246)       1,844       -           -           -      
       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets

        $     36,773       $     (9,623)       $     27,150       $     15,683       $     (3,458)       $     12,225  
       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Amortization expense for intangible assets
                         
    Year ended December 31,  
            2012                     2011                     2010          

Amortization expense

    $         6,165       $         935       $         1,117  
   

 

 

   

 

 

   

 

 

 
Future amortization expense of the intangible assets
         

Years ending December 31:

       

2013

    $ 6,222  

2014

    5,399  

2015

    4,582  

2016

    3,787  

2017

    2,687  

Thereafter

    4,473  
   

 

 

 
      $       27,150