XML 41 R30.htm IDEA: XBRL DOCUMENT v3.23.3
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The following table presents the changes in the carrying amount of goodwill since its inception through September 30, 2023:
(in thousands)CivilBuildingSpecialty
Contractors
Total
Gross goodwill as of December 31, 2022$492,074 $424,724 $156,193 $1,072,991 
Accumulated impairment as of December 31, 2022(286,931)(424,724)(156,193)(867,848)
Goodwill as of December 31, 2022205,143 — — 205,143 
Current year activity— — — — 
Goodwill as of September 30, 2023$205,143 $— $— $205,143 
Schedule of Intangible Assets
Intangible assets consist of the following:
As of September 30, 2023Weighted-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 (27,563)(23,232)18,455 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 $(200,008)$(113,067)$68,865 
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