Aarons 2015 Annual Report Download - page 71
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Indefinite-Lived Intangible Assets
The following table summarizes information related to indefinite-lived intangible assets at December 31:
Trade Names and Trademarks $ 53,000
$ 53,000
Goodwill 539,475
530,670
Indefinite-lived Intangible Assets $ 592,475
$ 583,670
The following table provides information related to the carrying amount of goodwill by operating segment:
Balance at January 1, 2014 $ 224,523
$ —
$ —
$ 14,658
$ 239,181
Acquisitions 3,629
277,958
—
—
281,587
Disposals (1,321)
—
—
—
(1,321)
Acquisition Accounting Adjustments (3)
11,226
—
—
11,223
Balance at December 31, 2014 226,828
289,184
—
14,658
530,670
Acquisitions 9,529
—
290
229
10,048
Disposals (2,506)
—
—
(158)
(2,664)
Acquisition Accounting Adjustments —
1,421
—
—
1,421
Balance at December 31, 2015 $ 233,851
$ 290,605
$ 290
$ 14,729
$ 539,475
Definite-Lived Intangible Assets
The following table summarizes information related to definite-lived intangible assets at December 31:
Internal Use Software $ 14,000
$ (7,998)
$ 6,002
$ 14,000
$ (3,331)
$ 10,669
Technology 68,550
(11,419)
57,131
66,000
(4,712)
61,288
Customer Lease Contracts —
—
—
11,000
(11,000)
—
Merchant Relationships 181,000
(25,851)
155,149
181,000
(10,768)
170,232
Other Intangibles17,383
(2,753)
4,630
5,721
(3,439)
2,282
Total $ 270,933
$ (48,021)
$ 222,912
$ 277,721
$ (33,250)
$ 244,471
1 Other intangibles primarily includes definite-lived trade names and trademarks, customer relationships, non-compete agreements, and franchise
development rights from business acquisitions.
Total amortization expense of definite-lived intangible assets, included in operating expenses in the accompanying consolidated statements of earnings, was
$28.2 million, $31.9 million and $3.7 million during the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, estimated
future amortization expense for the next five years related to definite-lived intangible assets is as follows:
2016 $ 28,703
2017 24,602
2018 22,622
2019 22,527
2020 22,374
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