Annual report pursuant to Section 13 and 15(d)

Goodwill (Tables)

v3.6.0.2
Goodwill (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Asset Impairment [Abstract]  
Schedule of Goodwill
Changes to the carrying amount of goodwill during the years ended December 31, 2016 and 2015 are as follows:

 
 
Ladenburg
 
Independent Brokerage and Advisory Services
 
Insurance Brokerage
 
Total
Balance as of January 1, 2015
 
$
301

 
$
103,422

 
$
11,515

 
$
115,238

Benefit applied to reduce goodwill
 
—

 
(78
)
 
—

 
(78
)
Adjustments related to allocation of KMS and Highland purchase price
 
—

 
(68
)
 
1,184

 
1,116

Business acquisitions
 
—

 
9,296

 
—

 
9,296

Balance as of December 31, 2015
 
$
301

 
$
112,572

 
$
12,699

 
$
125,572

Correction related to Securities America acquisition purchase price allocation (1)
 
—

 
(2,870
)
 
—

 
(2,870
)
Business acquisitions
 
—

 
1,329

 
—

 
1,329

Balance as of December 31, 2016
 
$
301

 
$
111,031

 
$
12,699

 
$
124,031



(1) During 2016, the Company corrected the allocation of purchase price related to Securities America acquisition, which resulted in a decrease of $2,870 in goodwill and related decrease in deferred tax liability.