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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Other Intangible Assets [Abstract]  
Changes in Carrying Amount of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

Future Amortization Expense

 

 

 

 

 

 

 

 

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