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Goodwill and Intangible Assets (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The changes in the carrying value of goodwill attributable to each reportable segment are as follows:
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U.S. Regions |
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U.S. Federal |
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Canada |
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Small-Scale Infrastructure |
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Other |
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Total |
Balance, December 31, 2011 |
$ |
23,708,555 |
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|
$ |
3,374,967 |
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|
$ |
2,874,383 |
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|
$ |
— |
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|
$ |
17,923,441 |
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$ |
47,881,346 |
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Goodwill acquired during the year |
— |
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|
— |
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1,886,945 |
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— |
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|
134,315 |
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|
2,021,260 |
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Goodwill impairment |
— |
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|
— |
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(1,016,325 |
) |
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— |
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— |
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(1,016,325 |
) |
Currency effects |
— |
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— |
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|
82,109 |
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— |
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— |
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|
82,109 |
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Balance, December 31, 2012 |
23,708,555 |
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3,374,967 |
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|
3,827,112 |
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— |
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18,057,756 |
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|
48,968,390 |
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Goodwill acquired during the year |
1,050,303 |
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— |
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— |
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— |
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2,631,562 |
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3,681,865 |
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Currency effects |
— |
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— |
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296,622 |
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— |
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127,485 |
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|
424,107 |
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Balance, December 31, 2013 |
$ |
24,758,858 |
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$ |
3,374,967 |
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|
$ |
4,123,734 |
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|
$ |
— |
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|
$ |
20,816,803 |
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|
$ |
53,074,362 |
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Accumulated Goodwill Impairment Balance, December 31, 2012 |
$ |
— |
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|
$ |
— |
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$ |
(1,016,325 |
) |
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$ |
— |
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$ |
— |
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$ |
(1,016,325 |
) |
Accumulated Goodwill Impairment Balance, December 31, 2013 |
$ |
— |
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$ |
— |
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$ |
(1,016,325 |
) |
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$ |
— |
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$ |
— |
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$ |
(1,016,325 |
) |
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| Schedule of Intangible Assets, Net |
The gross carrying amount and accumulated amortization of intangible assets are as follows:
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As of December 31, |
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2013 |
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2012 |
Gross Carrying Amount |
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Customer contracts |
$ |
7,683,845 |
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$ |
5,757,720 |
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Customer relationships |
8,200,132 |
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5,642,815 |
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Non-compete agreements |
3,229,520 |
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2,386,124 |
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Technology |
2,385,652 |
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2,429,362 |
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Trade names |
556,515 |
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561,499 |
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22,055,664 |
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16,777,520 |
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Accumulated Amortization |
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Customer contracts |
5,349,464 |
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3,814,621 |
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Customer relationships |
2,923,485 |
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1,282,035 |
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Non-compete agreements |
1,871,587 |
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945,829 |
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Technology |
1,298,860 |
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|
756,566 |
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Trade names |
359,087 |
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235,591 |
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11,802,483 |
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|
7,034,642 |
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Intangible assets, net |
$ |
10,253,181 |
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$ |
9,742,878 |
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Amortization expense for the years ended December 31, 2013, 2012 and 2011 is as follows:
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Year Ended December 31, |
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2013 |
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2012 |
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2011 |
Customer contracts |
$ |
1,550,247 |
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$ |
2,450,178 |
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$ |
1,364,443 |
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Customer relationships |
1,642,892 |
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1,265,106 |
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16,929 |
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Non-compete agreements |
967,646 |
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723,626 |
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222,203 |
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Technology |
517,151 |
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670,654 |
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|
85,912 |
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Trade names |
124,085 |
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172,606 |
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|
62,985 |
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Total intangible amortization expense |
$ |
4,802,021 |
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$ |
5,282,170 |
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$ |
1,752,472 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for existing intangible assets for the next five succeeding fiscal years is as follows:
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Estimated Amortization |
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Included in Cost of Revenues |
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Included in Selling, General and Administrative Expenses |
2014 |
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$ |
1,568,124 |
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$ |
2,576,896 |
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2015 |
|
544,315 |
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1,990,205 |
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2016 |
|
226,837 |
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1,189,781 |
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2017 |
|
38,668 |
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|
859,411 |
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2018 |
|
— |
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|
590,485 |
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