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Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

8. GOODWILL AND INTANGIBLE ASSETS

Amounts related to goodwill are as follows:

 

 

 

Assessment,

Permitting

and Response

 

 

Measurement

and

Analysis

 

 

Remediation

and

Reuse

 

 

Total

 

Balance as of December 31, 2020

 

$

162,156

 

 

$

69,054

 

 

$

43,457

 

 

$

274,667

 

Goodwill acquired during the period

 

 

8,944

 

 

 

12,879

 

 

 

7,747

 

 

 

29,570

 

Balance as of September 30, 2021

 

$

171,100

 

 

$

81,933

 

 

$

51,204

 

 

$

304,237

 

 

Amounts related to finite-lived intangible assets are as follows:

 

September 30, 2021

 

Estimated

Useful Life

 

Gross

Balance

 

 

Accumulated

Amortization

 

 

Total

Intangible

Assets—Net

 

Finite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

2-15 years

 

$

189,103

 

 

$

67,328

 

 

$

121,775

 

Covenants not to compete

 

4-5 years

 

 

31,623

 

 

 

24,832

 

 

 

6,791

 

Trade names

 

1-5 years

 

 

19,778

 

 

 

15,107

 

 

 

4,671

 

Proprietary software

 

3-5 years

 

 

21,595

 

 

 

9,853

 

 

 

11,742

 

Patent

 

16 years

 

 

17,479

 

 

 

2,219

 

 

 

15,260

 

Total other intangible assets

   —net

 

 

 

$

279,578

 

 

$

119,339

 

 

$

160,239

 

 

 

December 31, 2020

 

Estimated

Useful Life

 

Gross

Balance

 

 

Accumulated

Amortization

 

 

Total

Intangible

Assets—Net

 

Finite lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

7-15 years

 

$

164,782

 

 

$

53,446

 

 

$

111,336

 

Covenants not to compete

 

4-5 years

 

 

29,942

 

 

 

21,469

 

 

 

8,473

 

Trade names

 

1-5 years

 

 

16,938

 

 

 

12,849

 

 

 

4,089

 

Proprietary software

 

3-5 years

 

 

21,007

 

 

 

6,132

 

 

 

14,875

 

Patent

 

16 years

 

 

17,479

 

 

 

1,398

 

 

 

16,081

 

Total other intangible assets

   —net

 

 

 

$

250,148

 

 

$

95,294

 

 

$

154,854

 

 

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 $8.9 million and $25.9 million for the three and nine months ended September 30, 2021, respectively, and $7.6 million and $21.0 million for the three and nine months ended September 30, 2020, respectively.

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

 

December 31,

 

 

 

 

2021 (remaining)

 

$

8,463

 

2022

 

 

30,298

 

2023

 

 

24,407

 

2024

 

 

20,623

 

2025

 

 

14,225

 

2026 and thereafter

 

 

62,223

 

Total

 

$

160,239