Ameresco, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The following table presents goodwill balances included in total assets by segment. There was one acquisition during the three months ended March 31, 2013. Goodwill consisted of the following at March 31, 2013 and December 31, 2012:



	December 31, 2012		Acquisitions		Foreign Currency Translation and Other Adjustments		March 31, 2013
U.S. Federal	$	3,374,967	$	—	$	—	$	3,374,967
Central U.S. Region	1,972,415		921,128		—		2,893,543
Other U.S. Regions	21,736,140		—		—		21,736,140
Canada	3,827,112		—		490,046		4,317,158
All Other	18,057,756		—		—		18,057,756
Total	$	48,968,390	$	921,128	$	490,046	$	50,379,564

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 fourteen 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 was one acquisition during the three months ended March 31, 2013. Intangible assets, net, consisted of the following as of March 31, 2013 and December 31, 2012:



	December 31, 2012		Acquisitions		2013 Amortization			Foreign Currency Translation			March 31, 2013
Central U.S. Region:
Customer contracts	$	—	$	62,000	$	—		$	—		$	62,000
Customer relationships	—		288,000		—			—			288,000
Non-compete agreements	—		260,000		—			—			260,000
Other U.S. Regions:
Customer contracts	—		—		—			—			—
Customer relationships	2,138,969		—		(246,988		)	—			1,891,981
Non-compete agreements	843,235		—		(106,584		)	—			736,651
Technology	148,662		—		(12,684		)	—			135,978
Canada:
Customer contracts	634,389		—		(50,448		)	(15,071		)	568,870
Customer relationships	305,477		—		(11,028		)	(3,294		)	291,155
Non-compete agreements	211,144		—		(28,138		)	(8,406		)	174,600
Technology	590,366		—		(36,881		)	(11,017		)	542,468
Trade names	70,189		—		(2,578		)	(770		)	66,841
All Other:
Customer contracts	1,308,710		—		(176,695		)	—			1,132,015
Customer relationships	1,916,334		—		(76,803		)	—			1,839,531
Non-compete agreements	385,916		—		(24,888		)	—			361,028
Technology	933,768		—		(88,843		)	—			844,925
Trade names	255,719		—		(28,479		)	—			227,240
Total	$	9,742,878	$	610,000	$	(891,037	)	$	(38,558	)	$	9,423,283

Amortization expense for the three months ended March 31, 2013 and 2012 related to customer contracts was $227,143 and $987,589, respectively, and is included in energy efficiency expenses in the condensed consolidated statements of (loss) income. Amortization expense for the three months ended March 31, 2013 and 2012 related to customer relationships, non-compete agreements, technology and trade names was $663,894 and $668,655, respectively, and is included in general, administrative and other expenses in the condensed consolidated statements of (loss) income.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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