Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Other Intangible Assets [Abstract]

4. Goodwill and Other Intangible Assets

The following table presents the changes in the carrying amount of goodwill allocated to the Company’s reporting units for the periods presented:



					Specialty
(in thousands)	Civil		Building		Contractors		Total
Balance as of December 31, 2013(a)	$	415,358	$	13,455	$	148,943	$	577,756
2014 activity (b)		—		—		7,250		7,250
Balance as of December 31, 2014(a)	$	415,358	$	13,455	$	156,193	$	585,006
2015 activity		—		—		—		—
Balance as of December 31, 2015(a)	$	415,358	$	13,455	$	156,193	$	585,006

(a)

Balances presented include historical accumulated impairment of $76.7 million for the Civil segment and $411.3 million for the Building segment.

(b)

In the second quarter of 2014, the Company made an acquisition-related adjustment for a small fire protection systems contractor which was acquired in September 2013.

The following table presents the carrying value and accumulated amortization, as appropriate, of intangible assets other than goodwill for the periods presented:



	As of December 31, 2015						As of December 31, 2014
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(in thousands)	Value		Amortization		Value		Value		Amortization		Value
Trade names (non-amortizable)	$	50,410	$	N/A	$	50,410	$	50,410	$	N/A	$	50,410
Trade names (amortizable) (a)		51,118		(11,316)		39,802		51,118		(8,829)		42,289
Customer relationships (a)		23,155		(16,827)		6,328		23,155		(15,600)		7,555
Total	$	124,683	$	(28,143)	$	96,540	$	124,683	$	(24,429)	$	100,254

(a)

The weighted-average amortization period for amortizable trade names and customer relationships is 20 years and 11 years, respectively.

Amortization expense related to amortizable intangible assets for the years ended December 31, 2015, 2014 and 2013 totaled $3.7 million, $13.5 million and $13.1 million, respectively. The amortization expense for the years ended December 31, 2014 and 2013 includes amortization of construction contract backlog, which was fully amortized as of December 31, 2014. Future amortization expense related to amortizable intangible assets is as follows:



Fiscal Year	(in millions)
2016	$	3.5
2017		3.5
2018		3.5
2019		3.5
2020		3.5
Thereafter		28.6
Total	$	46.1

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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