Ameresco, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

GOODWILL AND INTANGIBLE ASSETS

The following table presents goodwill balances included in total assets by segment. Goodwill consisted of the following at December 31, 2010 and 2011:



	2010		Acquisitions		Foreign Currency Translation and Other Adjustments		2011
U.S. Federal	$	3,374,967	$	—	$	—	$	3,374,967
Central U.S. Region	1,972,415		—		—		1,972,415
Other U.S. Regions	4,906,875		16,545,434		283,831		21,736,140
Canada	2,680,933		—		193,450		2,874,383
All Other	7,645,805		10,277,636		—		17,923,441
Total	$	20,580,995	$	26,823,070	$	477,281	$	47,881,346

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 ten

years, as defined by the nature of the respective intangible asset. The following table presents intangible asset balances included in total assets by segment. Intangible assets, net, consisted of the following at December 31, 2010 and 2011:



	2010		Acquisitions		Accumulated Amortization			2011
Other U.S. Regions:
Customer contracts	$	—	$	1,973,000	$	(912,567	)	$	1,060,433
Customer relationships	—		3,257,000		(16,407		)	3,240,593
Non-compete agreements	—		1,566,000		(172,425		)	1,393,575
Technology	—		223,000		(22,418		)	200,582
All Other:
Customer contracts	—		3,003,000		(451,876		)	2,551,124
Customer relationships	—		2,074,000		(522		)	2,073,478
Non-compete agreements	—		448,000		(49,778		)	398,222
Technology	—		1,450,000		(63,494		)	1,386,506
Trade names	—		486,000		(62,985		)	423,015
Total	$	—	$	14,480,000	$	(1,752,472	)	$	12,727,528

No amortization expense related to intangible assets was recorded for the years ended December 31, 2009 and 2010. Amortization expense for the year ended December 31, 2011 related to customer contracts was $1,364,443, and is included in energy efficiency expenses in the consolidated statements of income and comprehensive income. Amortization expense for the year ended December 31, 2011 related to customer relationships, non-compete agreements, technology and trade names was $388,029, and is included in general, administrative and other expenses in the consolidated statements of income and comprehensive income.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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