Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill And Other Intangible Assets

Carrying Amount of Goodwill

					Specialty		Management
	Civil		Building		Contractors		Services		Total
	(in thousands)
Gross Goodwill Balance		429,893		420,267		141,833		66,638		1,058,631
Accumulated Impairment		(55,740)		(409,765)		—		(22,480)		(487,985)
Balance at December 31, 2012	$	374,153		10,502	$	141,833	$	44,158	$	570,646
Goodwill recorded in connection with an acquisition (2)		—		—		7,110		—		7,110
Balance at December 31, 2013	$	374,153	$	10,502	$	148,943	$	44,158	$	577,756
Reallocation based on relative fair value (1)		41,205		2,953		—		(44,158)		—
Acquisition related adjustments (2)		—		—		7,250		—		7,250
Balance at December 31, 2014	$	415,358	$	13,455	$	156,193	$	—	$	585,006

______________

(1) During the first quarter of 2014, the Company completed a reorganization which resulted in the elimination of the Management Services reporting unit and reportable segment. The Management Services reporting unit formerly consisted of the following subsidiary companies: Black Construction and Perini Management Services. The reorganization was completed due to the unit no longer meeting the criteria set forth in FASB ASC Topic 280,  “Segment Reporting”.  The Company reallocated goodwill between its reorganized reporting units based on a relative fair value assessment in accordance with the guidance on segment reporting.

(2) During the quarter ended September 30, 2013, the Company acquired a small fire protection systems contractor.  During the quarter ended June 30, 2014, an adjustment was made to goodwill for this acquisition in the amount of $7.3 million. As this acquisition is immaterial, including adjustments, no pro forma disclosures are presented herein.

Intangible Assets

	December 31, 2014								Weighted
					Accumulated				Average
			Accumulated		Impairment		Carrying		Amortization
	Cost		Amortization		Charge		Value		Period
	(in thousands)
Trade names (non-amortizable)	$	117,600	$	—	$	(67,190)	$	50,410	Indefinite
Trade names (amortizable)		74,350		(8,829)		(23,232)		42,289	20 years
Contractor license		6,000		—		(6,000)		—	Indefinite
Customer relationships		39,800		(15,600)		(16,645)		7,555	11.4 years
Construction contract backlog		73,706		(73,706)		—		—	3.6 years
Total	$	311,456	$	(98,135)	$	(113,067)	$	100,254

		December 31, 2013							Weighted
					Accumulated				Average
			Accumulated		Impairment		Carrying		Amortization
		Cost	Amortization		Charge		Value		Period
	(in thousands)
Trade names (non-amortizable)	$	117,600	$	—	$	(67,190)	$	50,410	Indefinite
Trade names (amortizable)		74,350		(6,341)		(23,232)		44,777	20 years
Contractor license		6,000		—		(6,000)		—	Indefinite
Customer relationships		39,800		(14,315)		(16,645)		8,840	11.4 years
Construction contract backlog		73,706		(63,993)		—		9,713	3.6 years
Total	$	311,456	$	(84,649)	$	(113,067)	$	113,740