Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
The following table presents goodwill balances included in total assets by segment. There were no acquisitions during the three and six months ended June 30, 2012. Goodwill consisted of the following at December 31, 2011 and June 30, 2012:
 
December 31, 2011
 
Foreign Currency Translation and Other Adjustments
 
June 30, 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

 
(3,216
)
 
2,871,167

All Other
17,923,441

 
—

 
17,923,441

Total
$
47,881,346

 
$
(3,216
)
 
$
47,878,130


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 and six months ended June 30, 2012. Intangible assets, net, consisted of the following as of December 31, 2011 and June 30, 2012:
 
December 31, 2011
 
2012 Amortization
 
June 30, 2012
Other U.S. Regions:
 
 
 
 
 
Customer contracts
$
1,060,433

 
$
(1,012,507
)
 
$
47,926

Customer relationships
3,240,593

 
(550,812
)
 
2,689,781

Non-compete agreements
1,393,575

 
(275,170
)
 
1,118,405

Technology
200,582

 
(25,960
)
 
174,622

All Other:

 
 
 

Customer contracts
2,551,124

 
(621,206
)
 
1,929,918

Customer relationships
2,073,478

 
(78,572
)
 
1,994,906

Non-compete agreements
398,222

 
(49,778
)
 
348,444

Technology
1,386,506

 
(273,369
)
 
1,113,137

Trade names
423,015

 
(83,648
)
 
339,367

Total
$
12,727,528

 
$
(2,971,022
)
 
$
9,756,506


Amortization expense for the three and six months ended June 30, 2012, related to customer contracts was $646,124 and $1,633,713, respectively, and is included in energy efficiency expenses in the condensed consolidated statements of income. Amortization expense for the three and six months ended June 30, 2012 related to customer relationships, non-compete agreements, technology and trade names was $668,654 and $1,337,309, respectively, and is included in general, administrative and other expenses in the condensed consolidated statements of income.