XML 25 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

7. GOODWILL AND INTANGIBLE ASSETS

Amounts related to goodwill as of September 30, 2020 and December 31, 2019 are as follows:

 

 

 

Assessment,

Permitting

and Response

 

 

Measurement

and

Analysis

 

 

Remediation

and

Reuse

 

 

Total

 

Balance as of December 31, 2019

 

$

15,173

 

 

$

68,628

 

 

$

43,257

 

 

$

127,058

 

Goodwill acquired during the period

 

 

146,625

 

 

 

426

 

 

 

200

 

 

 

147,251

 

Balance as of September 30, 2020

 

$

161,798

 

 

$

69,054

 

 

$

43,457

 

 

$

274,309

 

 

Amounts related to finite-lived intangible assets as of September 30, 2020 and December 31, 2019 are as follows:

 

September 30, 2020

 

Estimated

Useful Life

 

Gross

Balance

 

 

Accumulated

Amortization

 

 

Total

Intangible

Assets—Net

 

Finite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

7–15 years

 

$

164,782

 

 

$

49,068

 

 

$

115,714

 

Covenants not to compete

 

4–5 years

 

 

29,942

 

 

 

20,444

 

 

 

9,498

 

Trade names

 

1–5 years

 

 

16,938

 

 

 

12,196

 

 

 

4,742

 

Proprietary software

 

3-5 years

 

 

20,808

 

 

 

4,915

 

 

 

15,893

 

Patent

 

16 years

 

 

17,479

 

 

 

1,125

 

 

 

16,354

 

Total other intangible assets—net

 

 

 

$

249,949

 

 

$

87,748

 

 

$

162,201

 

 

December 31, 2019

 

Estimated

Useful Life

 

Gross

Balance

 

 

Accumulated

Amortization

 

 

Total

Intangible

Assets—Net

 

Finite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

7–10 years

 

$

108,782

 

 

$

36,700

 

 

$

72,082

 

Covenants not to compete

 

4–5 years

 

 

25,832

 

 

 

17,572

 

 

 

8,260

 

Trade names

 

1–5 years

 

 

12,738

 

 

 

10,230

 

 

 

2,508

 

Proprietary software

 

3 years

 

 

3,885

 

 

 

1,359

 

 

 

2,526

 

Patent

 

16 years

 

 

17,479

 

 

 

306

 

 

 

17,173

 

Total other intangible assets—net

 

 

 

$

168,716

 

 

$

66,167

 

 

$

102,549

 

 

Intangible assets with finite lives are stated at cost, less accumulated amortization and impairment losses, if any. These intangible assets are amortized using the straight-line method over the estimated useful lives of the assets.

Amortization expense was $7.6 million and $21.0 million for the three and nine months ended September 30, 2020, respectively and $5.3 million and $14.4 million for the three and nine months ended September 30, 2019, respectively.

Future amortization expense is estimated to be as follows for each of the five following years and thereafter:

 

December 31,

 

 

 

 

2020 (remaining)

 

$

7,543

 

2021

 

 

28,140

 

2022

 

 

24,053

 

2023

 

 

20,073

 

2024

 

 

16,951

 

Thereafter

 

 

65,441

 

 

 

$

162,201