Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.8
Goodwill and Intangible Assets
 9 Months Ended
Sep. 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 nine months ended September 30, 2013. Goodwill consisted of the following at September 30, 2013 and December 31, 2012:
 
December 31, 2012
 
Acquisitions
 
Foreign Currency Translation and Other Adjustments
 
September 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

 
—

 
429,958

 
4,257,070

All Other
18,057,756

 
5,089,049

 
206,612

 
23,353,417

Total
$
48,968,390

 
$
6,010,177

 
$
636,570

 
$
55,615,137


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 nine months ended September 30, 2013. Intangible assets, net, consisted of the following as of September 30, 2013 and December 31, 2012:
 
December 31, 2012
 
Acquisitions
 
2013 Amortization
 
Foreign Currency Translation
 
September 30, 2013
Central U.S. Region:
 
 
 
 
 
 
 
 
 
Customer contracts
$
—

 
$
62,000

 
$
(46,546
)
 
$
—

 
$
15,454

Customer relationships
—

 
288,000

 
(57,897
)
 
—

 
230,103

Non-compete agreements
—

 
260,000

 
(96,265
)
 
—

 
163,735

Other U.S. Regions:
 
 
 
 
 
 
 
 
 
Customer relationships
2,138,969

 
—

 
(740,962
)
 
—

 
1,398,007

Non-compete agreements
843,235

 
—

 
(319,753
)
 
—

 
523,482

Technology
148,662

 
—

 
(38,052
)
 
—

 
110,610

Canada:
 
 
 
 
 
 
 
 
 
Customer contracts
634,389

 
—

 
(150,505
)
 
(24,274
)
 
459,610

Customer relationships
305,477

 
—

 
(32,901
)
 
(5,306
)
 
267,270

Non-compete agreements
211,144

 
—

 
(83,947
)
 
(13,538
)
 
113,659

Technology
590,366

 
—

 
(110,031
)
 
(17,745
)
 
462,590

Trade names
70,189

 
—

 
(7,691
)
 
(1,240
)
 
61,258

All Other:

 
 
 
 
 
 
 

Customer contracts
1,308,710

 
1,245,891

 
(755,994
)
 
46,570

 
1,845,177

Customer relationships
1,916,334

 
1,420,099

 
(318,476
)
 
53,082

 
3,071,039

Non-compete agreements
385,916

 
421,519

 
(145,966
)
 
15,756

 
677,225

Technology
933,768

 
—

 
(266,525
)
 
—

 
667,243

Trade names
255,719

 
—

 
(85,437
)
 
—

 
170,282

Total
$
9,742,878

 
$
3,697,509

 
$
(3,256,948
)
 
$
53,305

 
$
10,236,744


Amortization expense for the three months ended September 30, 2013 and 2012 related to customer contracts was $499,112 and $400,084, respectively, and is included in energy efficiency expenses in the condensed consolidated statements of income. Amortization expense for the nine months ended September 30, 2013 and 2012 related to customer contracts was $953,045 and $2,033,797, respectively, and is included in energy efficiency expenses in the condensed consolidated statements of income. Amortization expense for the three months ended September 30, 2013 and 2012 related to customer relationships, non-compete agreements, technology and trade names was $968,761 and $712,949, respectively, and is included in general, administrative and other expenses in the condensed consolidated statements of income. Amortization expense for the nine months ended September 30, 2013 and 2012 related to customer relationships, non-compete agreements, technology and trade names was $2,303,903 and $2,050,258, respectively, and is included in general, administrative and other expenses in the condensed consolidated statements of income.