Annual report pursuant to section 13 and 15(d)

Goodwill

v2.4.0.8
Goodwill
 12 Months Ended
Dec. 31, 2013
Goodwill

7. GOODWILL

The following is a summary of the changes to the carrying amount of goodwill as of December 31, 2013 and December 31, 2012:

 

 

  

2013

 

 

2012

 

Beginning

  

 

 

 

 

 

 

 

Gross balance

  

$

33,306

  

 

$

32,098

  

Accumulated impairment losses

  

 

(17,415

)

 

 

(17,415

)

Net balance

  

 

15,891

  

 

 

14,683

  

Purchase price adjustments from earnouts

  

 

1,795

 

 

 

1,061

  

Acquisition of Commodity Advisors

  

 

—

 

 

 

147

  

Acquisition of Ten-Sixty

  

 

2,345

  

 

 

—

 

Ending

  

 

 

 

 

 

 

 

Gross balance

  

 

37,446

  

 

 

33,306

  

Accumulated impairment losses

  

 

(17,415

)

 

 

(17,415

)

Net balance

  

$

20,031

  

 

$

15,891