Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

3. Goodwill and Other Intangible Assets

Additions to goodwill during the nine months ended September 30, 2014 were primarily due to current period acquisitions and adjustments to the preliminary purchase price allocations for the Karnes Water Management, LLC acquisitions completed in the current year. The changes in the carrying amount of goodwill for the nine months ended September 30, 2014 were as follows (in thousands):



	Completion
	And Remedial
	Services		Well Servicing		Fluid Services		Contract Drilling		Total
Balance as of December 31, 2013	$	77,697	$	6,622	$	26,595	$	—	$	110,914
Goodwill additions		315		—		1,485		—		1,800
Balance as of September 30, 2014	$	78,012	$	6,622	$	28,080	$	—	$	112,714

Basic’s intangible assets subject to amortization were as follows (in thousands):



	September 30, 2014		December 31, 2013
Customer relationships	$	88,576	$	87,139
Non-Compete agreements		13,752		13,004
Trade names		1,939		1,939
Other intangible assets		2,086		2,086
		106,354		104,168
Less accumulated amortization		33,003		26,613
Intangible assets subject to amortization, net	$	73,351	$	77,555

Amortization expense for the three months ended September 30, 2014 and 2013 was approximately $2.1 million and $2.0 million, respectively. Amortization expense for the nine months ended September 30, 2014 and 2013 was approximately $6.4 million and $6.2 million, respectively.

Intangible assets, net of accumulated amortization allocated to reporting units as of September 30, 2014 were as follows (in thousands):



	Completion
	And Remedial
	Services		Well Servicing		Fluid Services		Contract Drilling		Total
Intangible assets subject to amortization, net	$	54,035	$	5,473	$	10,395	$	3,448	$	73,351

Customer relationships are amortized over a 15-year life, non-compete agreements are amortized over a five-year life, and other intangible assets and trade names are amortized over a 15-year life.

- 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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