Quarterly report pursuant to Section 13 or 15(d)

Goodwill

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Goodwill
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Asset Impairment [Abstract]  
Goodwill
Goodwill

Changes to the carrying amount of goodwill during the six months ended June 30, 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
 
—

 
(38
)
 
—

 
(38
)
Adjustment related to allocation of KMS and Highland purchase price
 
—

 
(68
)
 
1,711

 
1,643

Business acquisitions
 
—

 
8,812

 
—

 
8,812

Balance as of June 30, 2015
 
$
301

 
$
112,128

 
$
13,226

 
$
125,655



During the three and six months ended June 30, 2015, the carrying amount of goodwill was reduced by $19 and $38, respectively, 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.