eTrade 2010 Annual Report Download - page 142

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NOTE 10—GOODWILL AND OTHER INTANGIBLES, NET
The following table discloses the changes in the carrying value of the Company’s goodwill that occurred in
the trading and investing segment for the periods presented (dollars in thousands):
Trading & Investing
Goodwill
Balance at December 31, 2008 $1,938,325
Additional purchase consideration 14,001
Balance at December 31, 2009 1,952,326
Purchase price legal settlement and other (12,350)
Balance at December 31, 2010(1) $1,939,976
(1) As of December 31, 2010, there is no accumulated impairment losses related to the trading and investing segment goodwill.
For the year ended December 31, 2010 the decrease in the carrying value of goodwill was primarily the
result of a purchase price legal settlement. For the year ended December 31, 2009, the increase in the carrying
value of goodwill was the result of the Company paying additional purchase consideration in connection with
prior acquisitions.
There was no goodwill assigned to reporting units within the balance sheet management segment for the
years ended December 31, 2010 and 2009.
The following table shows the Company’s accumulated impairment losses related to its goodwill from
January 1, 2002 through December 31, 2010 (dollars in thousands):
Goodwill $2,041,184
Accumulated impairment losses (101,208)
Balance at December 31, 2010 $1,939,976
Other intangible assets with finite lives, which are primarily amortized on an accelerated basis, consist of
the following (dollars in thousands):
December 31, 2010
Weighted
Average
Original
Useful Life
(Years)
Weighted
Average
Remaining
Useful Life
(Years)
Gross
Amount
Accumulated
Amortization
Net
Amount
Customer lists 21 15 $514,624 $(190,214) $324,410
Other 19 17 1,450 (457) 993
Total other intangible assets $516,074 $(190,671) $325,403
December 31, 2009
Weighted
Average
Original
Useful Life
(Years)
Weighted
Average
Remaining
Useful Life
(Years)
Gross
Amount
Accumulated
Amortization
Net
Amount
Customer lists 21 16 $518,824 $(163,477) $355,347
Other 18 17 1,400 (343) 1,057
Total other intangible assets $520,224 $(163,820) $356,404
139