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

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying value of goodwill attributable to each reportable segment are as follows:



	U.S. Regions		U.S. Federal		Canada			Small-Scale Infrastructure		Other			Total
Balance, December 31, 2013	$	24,759	$	3,375	$	4,124		$	—	$	20,816		$	53,074
Goodwill acquired during the year	—		—		—			—		7,729			7,729
Fair value adjustment(1)	—		—		—			—		641			641
Currency effects	—		—		(208		)	—		(120		)	(328		)
Balance, September 30, 2014	$	24,759	$	3,375	$	3,916		$	—	$	29,066		$	61,116
Accumulated Goodwill Impairment Balance, December 31, 2013	$	—	$	—	$	(1,016	)	$	—	$	—		$	(1,016	)
Accumulated Goodwill Impairment Balance, September 30, 2014	$	—	$	—	$	(1,016	)	$	—	$	—		$	(1,016	)

(1) Fair value adjustment represents a final purchase accounting adjustment to decrease the recorded fair value of certain acquired intangible assets totaling $801, net of a $160 deferred tax liability adjustment, related to the Company’s prior year acquisition of The Energy Services Partnership Limited (now known as Ameresco Limited) and ESP Response Limited (together “ESP”).

Schedule of Intangible Assets, Net

The gross carrying amount and accumulated amortization of intangible assets are as follows:



	As of September 30,		As of December 31,
	2014		2013
Gross Carrying Amount
Customer contracts	$	8,220	$	7,684
Customer relationships	13,045		8,200
Non-compete agreements	3,447		3,230
Technology	2,815		2,386
Trade names	553		556
	28,080		22,056
Accumulated Amortization
Customer contracts	6,431		5,349
Customer relationships	4,045		2,923
Non-compete agreements	2,530		1,872
Technology	1,640		1,299
Trade names	420		360
	15,066		11,803
Intangible assets, net	$	13,014	$	10,253