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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill
The following table presents the changes in the carrying amount of goodwill since its inception through December 31, 2022:
(in thousands)CivilBuildingSpecialty
Contractors
Total
Gross goodwill as of December 31, 2020$492,074 $424,724 $156,193 $1,072,991 
Accumulated impairment as of December 31, 2020(286,931)(424,724)(156,193)(867,848)
Goodwill as of December 31, 2020205,143 — — 205,143 
2021 activity— — — — 
Goodwill as of December 31, 2021205,143 — — 205,143 
Current year activity— — — — 
Goodwill as of December 31, 2022(a)
$205,143 $— $— $205,143 
_____________________________________________________________________________________________________________
(a)As of December 31, 2022, accumulated impairment was $867.8 million.
Schedule of Finite and Indefinite Lived Intangible Assets
Intangible assets consist of the following:
As of December 31, 2022Weighted-Average Amortization Period
(in thousands)CostAccumulated
Amortization
Accumulated Impairment ChargeCarrying Value
Trade names (non-amortizable)$117,600 $— $(67,190)$50,410 Indefinite
Trade names (amortizable)69,250 (25,886)(23,232)20,132 20 years
Contractor license6,000 — (6,000)— N/A
Customer relationships39,800 (23,155)(16,645)— N/A
Construction contract backlog149,290 (149,290)— — N/A
Total$381,940 $(198,331)$(113,067)$70,542 
As of December 31, 2021Weighted-Average Amortization Period
(in thousands)CostAccumulated
Amortization
Accumulated Impairment ChargeCarrying Value
Trade names (non-amortizable)$117,600 $— $(67,190)$50,410 Indefinite
Trade names (amortizable)(a)
69,250 (23,650)(23,232)22,368 20 years
Contractor license6,000 — (6,000)— N/A
Customer relationships39,800 (23,053)(16,645)102 12 years
Construction contract backlog149,290 (137,102)— 12,188 3 years
Total$381,940 $(183,805)$(113,067)$85,068 
___________________________________________________________________________________________________________
(a)In 2021, the Company sold an immaterial subsidiary, which had amortizable trade names with a gross cost of $5.1 million and a carrying value of $2.6 million at the time of sale.