Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2012
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. There were no acquisitions during the three months ended March 31, 2012. Goodwill consisted of the following at December 31, 2011 and March 31, 2012:
 
December 31, 2011
 
Foreign Currency Translation and Other Adjustments
 
March 31, 2012
U.S. Federal
$
3,374,967

 
$
—

 
$
3,374,967

Central U.S. Region
1,972,415

 
—

 
1,972,415

Other U.S. Regions
21,736,140

 
—

 
21,736,140

Canada
2,874,383

 
41,509

 
2,915,892

All Other
17,923,441

 
—

 
17,923,441

Total
$
47,881,346

 
$
41,509

 
$
47,922,855


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. There were no acquisitions during the three months ended March 31, 2012. Intangible assets, net, consisted of the following as of December 31, 2011 and March 31, 2012:
 
December 31, 2011
 
2012 Amortization
 
March 31, 2012
Other U.S. Regions:
 
 
 
 
 
Customer contracts
$
1,060,433

 
$
(676,986
)
 
$
383,447

Customer relationships
3,240,593

 
(275,406
)
 
2,965,187

Non-compete agreements
1,393,575

 
(137,585
)
 
1,255,990

Technology
200,582

 
(12,980
)
 
187,602

All Other:

 
 
 

Customer contracts
2,551,124

 
(310,603
)
 
2,240,521

Customer relationships
2,073,478

 
(39,286
)
 
2,034,192

Non-compete agreements
398,222

 
(24,889
)
 
373,333

Technology
1,386,506

 
(136,667
)
 
1,249,839

Trade names
423,015

 
(41,842
)
 
381,173

Total
$
12,727,528

 
$
(1,656,244
)
 
$
11,071,284


Amortization expense for the three months ended March 31, 2012, related to customer contracts was $987,589, and is included in energy efficiency expenses in the condensed consolidated statements of income. Amortization expense for the three months ended March 31, 2012 related to customer relationships, non-compete agreements, technology and trade names was $668,655, and is included in general, administrative and other expenses in the condensed consolidated statements of income.