Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
The following table presents goodwill balances included in total assets by segment. There was one acquisition during the three months ended March 31, 2013. Goodwill consisted of the following at March 31, 2013 and December 31, 2012:
 
December 31, 2012
 
Acquisitions
 
Foreign Currency Translation and Other Adjustments
 
March 31, 2013
U.S. Federal
$
3,374,967

 
$

 
$

 
$
3,374,967

Central U.S. Region
1,972,415

 
921,128

 

 
2,893,543

Other U.S. Regions
21,736,140

 

 

 
21,736,140

Canada
3,827,112

 

 
490,046

 
4,317,158

All Other
18,057,756

 

 

 
18,057,756

Total
$
48,968,390

 
$
921,128

 
$
490,046

 
$
50,379,564


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 months ended March 31, 2013. Intangible assets, net, consisted of the following as of March 31, 2013 and December 31, 2012:
 
December 31, 2012
 
Acquisitions
 
2013 Amortization
 
Foreign Currency Translation
 
March 31, 2013
Central U.S. Region:
 
 
 
 
 
 
 
 
 
Customer contracts
$

 
$
62,000

 
$

 
$

 
$
62,000

Customer relationships

 
288,000

 

 

 
288,000

Non-compete agreements

 
260,000

 

 

 
260,000

Other U.S. Regions:
 
 
 
 
 
 
 
 
 
Customer contracts

 

 

 

 

Customer relationships
2,138,969

 

 
(246,988
)
 

 
1,891,981

Non-compete agreements
843,235

 

 
(106,584
)
 

 
736,651

Technology
148,662

 

 
(12,684
)
 

 
135,978

Canada:
 
 
 
 
 
 
 
 
 
Customer contracts
634,389

 

 
(50,448
)
 
(15,071
)
 
568,870

Customer relationships
305,477

 

 
(11,028
)
 
(3,294
)
 
291,155

Non-compete agreements
211,144

 

 
(28,138
)
 
(8,406
)
 
174,600

Technology
590,366

 

 
(36,881
)
 
(11,017
)
 
542,468

Trade names
70,189

 

 
(2,578
)
 
(770
)
 
66,841

All Other:

 
 
 
 
 
 
 

Customer contracts
1,308,710

 

 
(176,695
)
 

 
1,132,015

Customer relationships
1,916,334

 

 
(76,803
)
 

 
1,839,531

Non-compete agreements
385,916

 

 
(24,888
)
 

 
361,028

Technology
933,768

 

 
(88,843
)
 

 
844,925

Trade names
255,719

 

 
(28,479
)
 

 
227,240

Total
$
9,742,878

 
$
610,000

 
$
(891,037
)
 
$
(38,558
)
 
$
9,423,283


Amortization expense for the three months ended March 31, 2013 and 2012 related to customer contracts was $227,143 and $987,589, respectively, and is included in energy efficiency expenses in the condensed consolidated statements of (loss) income. Amortization expense for the three months ended March 31, 2013 and 2012 related to customer relationships, non-compete agreements, technology and trade names was $663,894 and $668,655, respectively, and is included in general, administrative and other expenses in the condensed consolidated statements of (loss) income.