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GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2015
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

 

NOTE 8.GOODWILL AND INTANGIBLE ASSETS

 

Changes in goodwill for the three months ended March 31, 2015 consisted of the following:

 

$s in thousands

 

December 31,
2014 (1)

 

Foreign
Currency
Translation

 

March 31,
2015

 

Goodwill:

 

 

 

 

 

 

 

Environmental Services

 

$

154,855

 

$

(1,619

)

$

153,236

 

Field & Industrial Services

 

66,424

 

 

66,424

 

Total goodwill

 

$

221,279

 

$

(1,619

)

$

219,660

 

 

 

(1) Balances have been revised to reflect purchase accounting measurement period adjustments related to the acquisition of EQ as disclosed in Note 2. Business Combination.

 

Intangible assets consisted of the following:

 

$s in thousands

 

March 31,
2015

 

December 31,
2014

 

Amortizing intangible assets:

 

 

 

 

 

Permits, licenses and lease

 

$

111,604

 

$

113,693

 

Customer relationships

 

102,783

 

103,086

 

Technology - formulae and processes

 

7,164

 

7,844

 

Customer backlog

 

4,600

 

4,600

 

Tradename

 

5,482

 

5,481

 

Developed software

 

3,718

 

3,745

 

Non-compete agreements

 

920

 

920

 

Internet domain and website

 

869

 

869

 

Database

 

660

 

667

 

Total amortizing intangible assets

 

237,800

 

240,905

 

Accumulated amortization

 

(14,987

)

(12,135

)

 

 

 

 

 

 

Nonamortizing intangible assets:

 

 

 

 

 

Permits and licenses

 

49,750

 

49,750

 

Tradename

 

133

 

147

 

Total intangible assets, net

 

$

272,696

 

$

278,667

 

 

At March 31, 2015, the net carrying amounts of goodwill and amortizing intangible assets include preliminary estimates of $201.3 million and $252.9 million, respectively, as a result of our acquisition of EQ.