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ACQUISITIONS
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6 Months Ended |
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Jun. 30, 2013
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| ACQUISITIONS | |
| ACQUISITIONS |
NOTE 8. ACQUISITIONS
The Company made several acquisitions during the six month periods ended June 30, 2013 and 2012, none of which are considered material in nature individually or in total.
Goodwill from acquisitions represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $212.0 million and $212.5 million at June 30, 2013 and December 31, 2012, respectively. Goodwill generally changes due to acquisitions, finalization of allocation of purchase prices of previous acquisitions and foreign currency translations. The carrying amount of goodwill in foreign countries was $9.4 million at June 30, 2013 and $9.8 million at December 31, 2012. The change in carrying amount is due to foreign currency translation.
The Company completed its most recent annual impairment analyses as of September 30, 2012. Based upon the results of these analyses, the Company has concluded that no impairment of its goodwill or other intangible assets was indicated.
The carrying amount of customer contracts and other intangible assets was $131.1 million as of June 30, 2013 and $141.8 million at December 31, 2012. The carrying amount of customer contracts and other intangible assets in foreign countries was $5.1 million at June 30, 2013 and $5.4 million at December 31, 2012. |