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

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

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			Other			Total
Balance, December 31, 2017	24,759			3,375			3,494			24,507			56,135
Goodwill acquired during the year	1,611			1,234			—			—			2,845
Currency effects	—			—			(277		)	(371		)	(648		)
Balance, December 31, 2018	26,370			4,609			3,217			24,136			58,332
Goodwill acquired during the year	337			—			—			—			337
Re-measurement adjustments	(2		)	(628		)	—			—			(630		)
Currency effects	—			—			152			223			375
Balance, December 31, 2019	26,705			3,981			3,369			24,359			58,414
Accumulated Goodwill Impairment Balance, December 31, 2018	$	—		$	—		$	(1,016	)	$	—		$	(1,016	)
Accumulated Goodwill Impairment Balance, December 31, 2019	$	—		$	—		$	(1,016	)	$	—		$	(1,016	)

Schedule of Intangible Assets, Net

Amortization expense for the years ended December 31, 2019, 2018 and 2017 is as follows:



	Year Ended December 31,
	2019		2018		2017
Customer contracts	$	90	$	30	$	31
Customer relationships	806		973		1,244
Non-compete agreements	1		3		42
Technology	12		47		128
Trade names	—		4		6
Total intangible amortization expense	$	909	$	1,057	$	1,451

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



	As of December 31,
	2019		2018
Gross Carrying Amount
Customer contracts	$	7,904	$	7,818
Customer relationships	12,749		12,082
Non-compete agreements	3,037		3,013
Technology	2,732		2,710
Trade names	544		541
	26,966		26,164
Accumulated Amortization
Customer contracts	7,844		7,668
Customer relationships	11,236		10,302
Non-compete agreements	3,037		3,013
Technology	2,704		2,651
Trade names	531		526
	25,352		24,160
Intangible assets, net	$	1,614	$	2,004

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

mortization expense for the intangible assets related to customer relationships, non-compete agreements, technology and trade names for the next five succeeding fiscal years is as follows:



	Estimated Amortization
	Included in Selling, General and Administrative Expenses
2020	628
2021	318
2022	140
2023	129
2024	127
Thereafter	212
	$	1,554