Ameresco, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The following table presents goodwill balances included in total assets by segment. There was one acquisition during the three and nine months ended September 30, 2012. Goodwill consisted of the following at December 31, 2011 and September 30, 2012:



	December 31, 2011		Acquisitions		Foreign Currency Translation and Other Adjustments		September 30, 2012
U.S. Federal	$	3,374,967	$	—	$	—	$	3,374,967
Central U.S. Region	1,972,415		—		—		1,972,415
Other U.S. Regions	21,736,140		—		—		21,736,140
Canada	2,874,383		2,291,163		144,796		5,310,342
All Other	17,923,441		—		—		17,923,441
Total	$	47,881,346	$	2,291,163	$	144,796	$	50,317,305

Customer contracts are amortized ratably over the period of the acquired customer contracts (ranging in periods from approximately one to five years). All other intangible assets are amortized over periods ranging from approximately four to fourteen years, as defined by the nature of the respective intangible asset. The following table presents intangible asset balances included in total assets by segment. There was one acquisition during the three and nine months ended September 30, 2012. Intangible assets, net, consisted of the following as of December 31, 2011 and September 30, 2012:



	December 31, 2011		Acquisitions		2012 Amortization			Foreign Currency Translation		September 30, 2012
Other U.S. Regions:
Customer contracts	$	1,060,433	$	—	$	(1,060,433	)	$	—	$	—
Customer relationships	3,240,593		—		(826,219		)	—		2,414,374
Non-compete agreements	1,393,575		—		(412,755		)	—		980,820
Technology	200,582		—		(38,940		)	—		161,642
Canada:
Customer contracts	—		509,518		(41,554		)	10,001		477,965
Customer relationships	—		157,542		(2,654		)	3,310		158,198
Non-compete agreements	—		290,156		(9,811		)	5,991		286,336
Technology	—		677,031		(29,615		)	13,835		661,251
Trade names	—		77,774		(2,214		)	1,615		77,175
All Other:
Customer contracts	2,551,124		—		(931,810		)	—		1,619,314
Customer relationships	2,073,478		—		(117,858		)	—		1,955,620
Non-compete agreements	398,222		—		(74,667		)	—		323,555
Technology	1,386,506		—		(410,053		)	—		976,453
Trade names	423,015		—		(125,472		)	—		297,543
Total	$	12,727,528	$	1,712,021	$	(4,084,055	)	$	34,752	$	10,390,246

Amortization expense for the three and nine months ended September 30, 2012, related to customer contracts was $400,084 and $2,033,797, respectively, and is included in energy efficiency expenses in the condensed consolidated statements of income. Amortization expense for the three and nine months ended September 30, 2012 related to customer relationships, non-compete agreements, technology and trade names was $712,949 and $2,050,258, respectively, and is included in general, administrative and other expenses in the condensed consolidated statements of income.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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