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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jul. 27, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The Company's goodwill balance was $267.8 million as of July 27, 2013 and $174.8 million as of both July 28, 2012 and July 30, 2011. Changes in the carrying amount of goodwill for fiscal 2013 are as follows:

 
 
 
 
 
Fiscal 2013 Changes
 
 
 
As of
 
As of
 
Impairment
 
 
 
As of
 
July 30, 2011
 
July 28, 2012
 
 Losses
 
Acquisitions
 
July 27, 2013
 
(Dollars in thousands)
Goodwill
$
370,616

 
$
370,616

 
$

 
$
92,961

 
$
463,577

Accumulated impairment losses
(195,767
)
 
(195,767
)
 

 

 
(195,767
)
 
$
174,849

 
$
174,849

 
$

 
$
92,961

 
$
267,810

Annual Impairment Analyses
The table below outlines the key assumptions in each of the Company's fiscal 2013, 2012 and 2011 annual quantitative impairment analyses:

 
2013
 
2012
 
2011
Terminal Growth Rate Range
1.5% - 2.5%
 
1.5% - 3%
 
1.5% - 3%
Discount Rate
11.5%
 
13.0%
 
13.5%
Schedule of Intangible Assets
The Company's intangible assets consist of the following:
 
Weighted Average Remaining Useful Lives
 
July 27,
2013
 
July 28,
2012
 
(Years)
 
(Dollars in thousands)
Carrying amount:
 
 
 
 
 
Customer relationships
12.4
 
$
164,497

 
$
89,145

Contract backlog
2.3
 
15,285

 

Trade names
5.1
 
8,200

 
2,860

UtiliQuest trade name
 
4,700

 
4,700

Non-compete agreements
4.3
 
400

 
150

 
 
 
193,082

 
96,855

Accumulated amortization:
 
 
 

 
 

Customer relationships
 
 
56,219

 
45,852

Contract backlog
 
 
9,433

 

Trade names
 
 
2,071

 
1,182

Non-compete agreements
 
 
84

 
48

Net Intangible Assets
 
 
$
125,275

 
$
49,773

Future Amortization Expense
Estimated total amortization expense for each of the five succeeding fiscal years is as follows (including amortization for the newly acquired businesses based on the purchase price allocations as of July 27, 2013):
Period
 
Amount
 
 
(Dollars in thousands)
2014
 
$18,125
2015
 
$15,035
2016
 
$14,315
2017
 
$12,893
2018
 
$10,705
Thereafter
 
$49,502