Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.3.0.814
Goodwill
 9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Asset Impairment [Abstract]  
Goodwill
Goodwill

Changes to the carrying amount of goodwill during the nine months ended September 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
 
—

 
(57
)
 
—

 
(57
)
Adjustment related to allocation of KMS and Highland purchase price
 
—

 
(68
)
 
1,711

 
1,643

Business acquisitions
 
—

 
8,812

 
241

 
9,053

Balance as of September 30, 2015
 
$
301

 
$
112,109

 
$
13,467

 
$
125,877



During the three and nine months ended September 30, 2015, the carrying amount of goodwill was reduced by $19 and $57, 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.

During the nine months ended September 30, 2015, the Company decreased goodwill attributable to the KMS acquisition by $68 with a corresponding decrease to the deferred tax liability previously recorded at the date of acquisition.

During the nine months ended September 30, 2015, the Company increased goodwill attributable to the Highland acquisition by $1,711, with a corresponding increase to the deferred tax liability previously recorded at the date of acquisition.