Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.10.0.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
The changes in the carrying value of goodwill attributable to each reportable segment are as follows:
 
U.S. Regions
 
U.S. Federal
 
Canada
 
Non-solar DG
 
Other
 
Total
Balance, December 31, 2017
$
24,759

 
$
3,375

 
$
3,494

 
$
—

 
$
24,507

 
$
56,135

Goodwill acquired during the year
—

 
1,431

 
—

 
—

 
—

 
1,431

Currency effects
—

 
—

 
(157
)
 
—

 
(141
)
 
(298
)
Balance, June 30, 2018
$
24,759

 
$
4,806

 
$
3,337

 
$
—

 
$
24,366

 
$
57,268

Accumulated Goodwill Impairment Balance, December 31, 2017
$
—

 
$
—

 
$
(1,016
)
 
$
—

 
$
—

 
$
(1,016
)
Accumulated Goodwill Impairment Balance, June 30, 2018
$
—

 
$
—

 
$
(1,016
)
 
$
—

 
$
—

 
$
(1,016
)

The Company completed an acquisition during the three months ended June 30, 2018 which resulted in a $1,431 increase in goodwill.
Since the Company’s annual goodwill impairment test there have been no events that would have triggered a need for an interim impairment test.
Separable intangible assets that are not deemed to have indefinite lives are amortized over their useful lives. The Company annually assesses whether a change in the life over which the Company’s assets are amortized is necessary, or more frequently if events or circumstances warrant.
Acquired intangible assets other than goodwill that are subject to amortization include customer contracts, customer relationships, non-compete agreements, technology and trade names. Customer contracts are amortized ratably over the period of the acquired customer contracts ranging in periods from approximately one to five years. All other acquired intangible assets are amortized over periods ranging from approximately four to fifteen years, as defined by the nature of the respective intangible asset. The Company completed an acquisition during the three months ended June 30, 2018 which resulted in a $500 increase in customer relationships. This will be amortized over an eight year period.
The gross carrying amount and accumulated amortization of intangible assets are as follows:
 
As of June 30,
 
As of December 31,
 
2018
 
2017
Gross Carrying Amount
 
 
 
Customer contracts
$
7,720

 
$
7,786

Customer relationships
12,252

 
11,863

Non-compete agreements
3,038

 
3,052

Technology
2,728

 
2,751

Trade names
543

 
546

 
26,281

 
25,998

Accumulated Amortization
 
 
 
Customer contracts
7,720

 
7,786

Customer relationships
9,941

 
9,557

Non-compete agreements
3,036

 
3,048

Technology
2,645

 
2,642

Trade names
525

 
525

 
23,867

 
23,558

Intangible assets, net
$
2,414

 
$
2,440


Amortization expense related to customer contracts is included in cost of revenues in the consolidated statements of income (loss). Amortization expense related to all other acquired intangible assets is included in selling, general and administrative expenses in the consolidated statements of income (loss). Amortization expense for the three months ended June 30, 2018 and 2017 related to customer contracts was $0 and $8, respectively. Amortization expense for the six months ended June 30, 2018 and 2017 related to customer contracts was $0 and $15, respectively. Amortization expense for the three months ended June 30, 2018 and 2017 related to all other acquired intangible assets was $249 and $328, respectively. Amortization expense for the six months ended June 30, 2018 and 2017 related to all other acquired intangible assets was $502 and $701, respectively.