7. GOODWILL
The following is a summary of the changes to the carrying amount of goodwill as of September 30, 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
|
|
- |
|
|
|
1,061 |
|
|
Acquisition of Commodity Advisors
|
|
- |
|
|
|
147 |
|
|
Acquisition of Ten-Sixty
|
|
2,345 |
|
|
|
— |
|
|
Ending
|
|
|
|
|
|
|
|
|
Gross balance
|
|
35,651 |
|
|
|
33,306 |
|
|
Accumulated impairment losses
|
|
(17,415
|
)
|
|
|
(17,415
|
)
|
|
Net balance
|
$ |
|
18,236 |
|
|
$ |
|
|
15,891 |
|
|