Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.8
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 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 were two acquisitions during the six months ended June 30, 2013. Goodwill consisted of the following at June 30, 2013 and December 31, 2012:
 
December 31, 2012
 
Acquisitions
 
Foreign Currency Translation and Other Adjustments
 
June 30, 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

 
—

 
343,115

 
4,170,227

All Other
18,057,756

 
5,089,049

 
(81,905
)
 
23,064,900

Total
$
48,968,390

 
$
6,010,177

 
$
261,210

 
$
55,239,777


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 were two acquisitions during the six months ended June 30, 2013. Intangible assets, net, consisted of the following as of June 30, 2013 and December 31, 2012:
 
December 31, 2012
 
Acquisitions
 
2013 Amortization
 
Foreign Currency Translation
 
June 30, 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 relationships
2,138,969

 
—

 
(493,973
)
 
—

 
1,644,996

Non-compete agreements
843,235

 
—

 
(213,168
)
 
—

 
630,067

Technology
148,662

 
—

 
(25,368
)
 
—

 
123,294

Canada:
 
 
 
 
 
 
 
 
 
Customer contracts
634,389

 
—

 
(100,544
)
 
(35,980
)
 
497,865

Customer relationships
305,477

 
—

 
(21,979
)
 
(7,865
)
 
275,633

Non-compete agreements
211,144

 
—

 
(56,080
)
 
(20,067
)
 
134,997

Technology
590,366

 
—

 
(73,504
)
 
(26,302
)
 
490,560

Trade names
70,189

 
—

 
(5,138
)
 
(1,839
)
 
63,212

All Other:

 
 
 
 
 
 
 

Customer contracts
1,308,710

 
1,245,891

 
(353,389
)
 
(27,699
)
 
2,173,513

Customer relationships
1,916,334

 
1,420,099

 
(153,606
)
 
(31,572
)
 
3,151,255

Non-compete agreements
385,916

 
421,519

 
(57,682
)
 
(9,371
)
 
740,382

Technology
933,768

 
—

 
(177,686
)
 
—

 
756,082

Trade names
255,719

 
—

 
(56,958
)
 
—

 
198,761

Total
$
9,742,878

 
$
3,697,509

 
$
(1,789,075
)
 
$
(160,695
)
 
$
11,490,617


Amortization expense for the three and six months ended June 30, 2013 related to customer contracts was $226,790 and $453,933, respectively, and is included in energy efficiency expenses in the condensed consolidated statements of (loss) income. Amortization expense for the three and six months ended June 30, 2013 related to customer relationships, non-compete agreements, technology and trade names was $671,248 and $1,335,142, respectively, and is included in general, administrative and other expenses in the condensed consolidated statements of (loss) income.