Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.4.0.3
Goodwill
 3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Asset Impairment [Abstract]  
Goodwill
Goodwill

Changes to the carrying amount of goodwill during the three months ended March 31, 2016 are as follows:
 
 
Ladenburg
 
Independent Brokerage and Advisory Services
 
Insurance Brokerage
 
Total
Balance as of December 31, 2015
 
$
301

 
$
112,572

 
$
12,699

 
$
125,572

Benefit applied to reduce goodwill
 
—

 
(20
)
 
—

 
(20
)
Balance as of March 31, 2016
 
$
301

 
$
112,552

 
$
12,699

 
$
125,552



During the three months ended March 31, 2016, the carrying amount of goodwill was reduced by $20 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.