Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.5.0.2
Goodwill
 9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Asset Impairment [Abstract]  
Goodwill
Goodwill

Changes to the carrying amount of goodwill during the nine months ended September 30, 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
 
—

 
(59
)
 
—

 
(59
)
Business acquisition
 
—

 
398

 
—

 
398

Balance as of September 30, 2016
 
$
301

 
$
112,911

 
$
12,699

 
$
125,911



During the three and nine months ended September 30, 2016, the carrying amount of goodwill was reduced by $20 and $59, 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.