Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v2.4.1.9
Goodwill
 3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Asset Impairment [Abstract]  
Goodwill
Goodwill

Changes to the carrying amount of goodwill during the three months ended March 31, 2015 are as follows:

 
 
Ladenburg
 
Independent Brokerage and Advisory Services
 
Insurance Brokerage
 
Total
Balance as of December 31, 2014
 
$
301

 
$
103,422

 
$
11,515

 
$
115,238

Benefit applied to reduce goodwill
 
—

 
(19
)
 
—

 
(19
)
Adjustment related to allocation of Highland purchase price
 
—

 
—

 
717

 
717

Business acquisition
 
—

 
8,798

 
—

 
8,798

Balance as of March 31, 2015
 
$
301

 
$
112,201

 
$
12,232

 
$
124,734



During the three months ended March 31, 2015, the carrying amount of goodwill was reduced by $19, representing state tax benefit realized for the excess of tax deductible goodwill over goodwill recognized for reporting purposes with respect to the Company’s subsidiaries.