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Goodwill and Intangible Assets (Tables)
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12 Months Ended |
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Dec. 31, 2014
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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, 2012 |
$ |
23,709 |
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|
$ |
3,375 |
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|
$ |
3,827 |
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|
$ |
— |
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|
$ |
18,058 |
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|
$ |
48,969 |
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Goodwill acquired during the year |
1,050 |
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— |
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— |
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2,632 |
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|
3,682 |
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Currency effects |
— |
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— |
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297 |
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— |
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126 |
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|
423 |
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Balance, December 31, 2013 |
24,759 |
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|
3,375 |
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|
4,124 |
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— |
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|
20,816 |
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|
53,074 |
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Goodwill acquired during the year |
— |
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— |
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— |
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— |
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7,590 |
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|
7,590 |
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Fair value adjustments(1) |
— |
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— |
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— |
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— |
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|
641 |
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|
641 |
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Currency effects |
— |
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— |
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|
(343 |
) |
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— |
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|
(483 |
) |
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(826 |
) |
Balance, December 31, 2014 |
$ |
24,759 |
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|
$ |
3,375 |
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$ |
3,781 |
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$ |
— |
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|
$ |
28,564 |
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|
$ |
60,479 |
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Accumulated Goodwill Impairment Balance, December 31, 2013 |
$ |
— |
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|
$ |
— |
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|
$ |
(1,016 |
) |
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$ |
— |
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$ |
— |
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|
$ |
(1,016 |
) |
Accumulated Goodwill Impairment Balance, December 31, 2014 |
$ |
— |
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|
$ |
— |
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|
$ |
(1,016 |
) |
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$ |
— |
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$ |
— |
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|
$ |
(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 ESP (now known as Ameresco Limited).
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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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2014 |
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2013 |
Gross Carrying Amount |
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Customer contracts |
$ |
8,103 |
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$ |
7,684 |
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Customer relationships |
12,792 |
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8,200 |
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Non-compete agreements |
3,402 |
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3,230 |
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Technology |
2,794 |
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2,386 |
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Trade names |
551 |
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|
556 |
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27,642 |
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|
22,056 |
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Accumulated Amortization |
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Customer contracts |
6,911 |
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5,349 |
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Customer relationships |
4,562 |
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2,923 |
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Non-compete agreements |
2,725 |
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1,872 |
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Technology |
1,767 |
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1,299 |
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Trade names |
439 |
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|
360 |
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16,404 |
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|
11,803 |
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Intangible assets, net |
$ |
11,238 |
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$ |
10,253 |
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Amortization expense for the years ended December 31, 2014, 2013 and 2012 is as follows:
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Year Ended December 31, |
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2014 |
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2013 |
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2012 |
Customer contracts |
$ |
1,673 |
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$ |
1,550 |
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$ |
2,450 |
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Customer relationships |
1,688 |
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1,643 |
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|
1,265 |
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Non-compete agreements |
805 |
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|
968 |
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|
724 |
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Technology |
490 |
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|
517 |
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|
671 |
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Trade names |
82 |
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124 |
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|
172 |
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Total intangible amortization expense |
$ |
4,738 |
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$ |
4,802 |
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$ |
5,282 |
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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 |
2015 |
$ |
935 |
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$ |
3,166 |
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2016 |
222 |
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|
2,403 |
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2017 |
35 |
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|
1,699 |
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2018 |
— |
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|
1,155 |
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2019 |
— |
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|
814 |
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