Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.1.9
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
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, 2014
$
24,759

 
$
3,375

 
$
3,781

 
$

 
$
28,564

 
$
60,479

Goodwill acquired during the year

 

 

 

 

 

Fair value adjustment(1)

 

 

 

 
(403
)
 
(403
)
Currency effects

 

 
(318
)
 

 
(356
)
 
(674
)
Balance, March 31, 2015
$
24,759

 
$
3,375

 
$
3,463

 
$

 
$
27,805

 
$
59,402

Accumulated Goodwill Impairment Balance, December 31, 2014
$

 
$

 
$
(1,016
)
 
$

 
$

 
$
(1,016
)
Accumulated Goodwill Impairment Balance, March 31, 2015
$

 
$

 
$
(1,016
)
 
$

 
$

 
$
(1,016
)
(1) Fair value adjustment represents the final net working capital adjustment for purchase accounting related to the Company’s prior year acquisition of Energyexcel LLP (“EEX”).
Separable intangible assets that are not deemed to have indefinite lives are amortized over their useful lives. The Company annually assesses whether a change in the life over which the Company’s assets are amortized is necessary, or more frequently if events or circumstances warrant. No changes to useful lives were made during the three months ended March 31, 2015 or for the year ended December 31, 2014.
Acquired intangible assets other than goodwill that are subject to amortization include customer contracts, customer relationships, non-compete agreements, technology and trade names. Customer contracts are amortized ratably over the period of the acquired customer contracts ranging in periods from approximately one to five years. All other acquired intangible assets are amortized over periods ranging from approximately four to fifteen years, as defined by the nature of the respective intangible asset.
The gross carrying amount and accumulated amortization of intangible assets are as follows:
 
As of March 31,
 
As of December 31,
 
2015
 
2014
Gross Carrying Amount
 
 
 
Customer contracts
$
7,956

 
$
8,103

Customer relationships
12,528

 
12,792

Non-compete agreements
3,345

 
3,402

Technology
2,747

 
2,794

Trade names
545

 
551

 
27,121

 
27,642

Accumulated Amortization
 
 
 
Customer contracts
7,041

 
6,911

Customer relationships
5,049

 
4,562

Non-compete agreements
2,807

 
2,725

Technology
1,854

 
1,767

Trade names
450

 
439

 
17,201

 
16,404

Intangible assets, net
$
9,920

 
$
11,238


Amortization expense related to customer contracts is included in cost of revenues in the consolidated statements of income (loss). Amortization expense related to all other acquired intangible assets is included in selling, general and administrative expenses in the consolidated statements of income (loss). Amortization expense for the three months ended March 31, 2015 and 2014 related to customer contracts was $228 and $251, respectively. Amortization expense for the three months ended March 31, 2015 and 2014 related to all other acquired intangible assets was $781 and $567, respectively.