Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.8.0.1
Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2017
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, 2016
$
24,759

 
$
3,375

 
$
3,262

 
$

 
$
26,580

 
$
57,976

Sale of assets of a business

 

 

 

 
(2,639
)
 
(2,639
)
Currency effects

 

 
253

 

 
517

 
770

Balance, September 30, 2017
$
24,759

 
$
3,375

 
$
3,515

 
$

 
$
24,458

 
$
56,107

Accumulated Goodwill Impairment Balance, December 31, 2016
$

 
$

 
$
(1,016
)
 
$

 
$

 
$
(1,016
)
Accumulated Goodwill Impairment Balance, September 30, 2017
$

 
$

 
$
(1,016
)
 
$

 
$

 
$
(1,016
)

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 nine months ended September 30, 2017 or for the year ended December 31, 2016.
During the nine months ended September 30, 2017, the Company sold assets of a business to a third party for cash proceeds of $2,777, and as a result goodwill decreased by $2,639.
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 September 30,
 
As of December 31,
 
2017
 
2016
Gross Carrying Amount
 
 
 
Customer contracts
$
7,777

 
$
7,594

Customer relationships
11,830

 
11,652

Non-compete agreements
3,046

 
3,203

Technology
2,754

 
2,716

Trade names
546

 
542

 
25,953

 
25,707

Accumulated Amortization
 
 
 
Customer contracts
7,769

 
7,566

Customer relationships
9,216

 
8,048

Non-compete agreements
3,032

 
3,158

Technology
2,612

 
2,485

Trade names
523

 
519

 
23,152

 
21,776

Intangible assets, net
$
2,801

 
$
3,931


Amortization expense related to customer contracts is included in cost of revenues in the consolidated statements of income. Amortization expense related to all other acquired intangible assets is included in selling, general and administrative expenses in the consolidated statements of income. Amortization expense for the three months ended September 30, 2017 and 2016 related to customer contracts was $8 and $46, respectively. Amortization expense for the nine months ended September 30, 2017 and 2016 related to customer contracts was $23 and $140, respectively. Amortization expense for the three months ended September 30, 2017 and 2016 related to all other acquired intangible assets was $358 and $536, respectively. Amortization expense for the nine months ended September 30, 2017 and 2016 related to all other acquired intangible assets was $1,059 and $1,653, respectively.