GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8— GOODWILL AND OTHER INTANGIBLE ASSETS

 

The changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2016 were as follows:

 

    Capital     Auction and     Valuation and     Principal
Investments -		        
    Markets     Liquidation     Appraisal     United Online        
    Segment     Segment     Segment     Segment     Total  
                               
Balance as of December 31, 2014   $ 21,869     $ 1,975     $ 3,713     $ -     $ 27,557  
Goodwill acquired during the period:                                        
MK Capital acquisition on February 2, 2015     6,971       -       -       -       6,971  
Balance as of December 31, 2015   $ 28,840     $ 1,975     $ 3,713     $ -     $ 34,528  
Goodwill acquired during the period:                                        
United Online on July 1, 2016     -       -       -       14,375       14,375  
Balance as of December 31, 2016   $ 28,840     $ 1,975     $ 3,713     $ 14,375     $ 48,903  

  

Intangible assets consisted of the following:

 

        December 31, 2016     December 31, 2015  
        Gross                 Gross              
        Carrying     Accumulated     Intangibles     Carrying     Accumulated     Intangibles  
    Useful Life   Value     Amortization     Net     Value     Amortization     Net  
                                         
Amortizable assets:                                                    
Customer relationships    4 to 13 Years   $ 37,300     $ 3,100     $ 34,200     $ 3,600     $ 572     $ 3,028  
Domain names   7 Years     1,419       101       1,318                          
Advertising relationships   8 Years     100       6       94       -       -       -  
Internally developed software   0.5 to 4 Years     3,333       550       2,783       -       -       -  
Tradenames   8 Years     1,100       69       1,031       -       -       -  
          43,252       3,826       39,426       3,600       572       3,028  
                                                     
Non-amortizable assets:                                                    
Tradenames         1,740       -       1,740       1,740       -       1,740  
Total intangible assets       $ 44,992     $ 3,826     $ 41,166     $ 5,340   $ 572     $ 4,768  

 

Amortization expense was $3,254, $431 and $141 for the years ended December 31, 2016, 2015 and 2014, respectively. At December 31, 2016, estimated future amortization expense is $5,909, $5,656, $5,552, $5,170 and $4,787 for the years ended December 31, 2017, 2018, 2019, 2020 and 2021, respectively. The estimated future amortization expense after December 31, 2021 is $12,352.