Schedule of Changes in Carrying Amount of Goodwill |
The following table presents the changes in the carrying amount of goodwill since its inception through June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Civil | | Building | | Specialty Contractors | | Total | Gross goodwill as of December 31, 2023 | | $ | 492,074 | | | $ | 424,724 | | | $ | 156,193 | | | $ | 1,072,991 | | Accumulated impairment as of December 31, 2023 | | (286,931) | | | (424,724) | | | (156,193) | | | (867,848) | | Goodwill as of December 31, 2023 | | 205,143 | | | — | | | — | | | 205,143 | | Current year activity | | — | | | — | | | — | | | — | | Goodwill as of June 30, 2024 | | $ | 205,143 | | | $ | — | | | $ | — | | | $ | 205,143 | |
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Schedule of Intangible Assets |
Intangible assets consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2024 | | Weighted-Average Amortization Period | (in thousands) | | Cost | | Accumulated Amortization | | Accumulated Impairment Charge | | Carrying Value | | Trade names (non-amortizable) | | $ | 117,600 | | | $ | — | | | $ | (67,190) | | | $ | 50,410 | | | Indefinite | Trade names (amortizable) | | 69,250 | | | (29,241) | | | (23,232) | | | 16,777 | | | 20 years | Contractor license | | 6,000 | | | — | | | (6,000) | | | — | | | N/A | Customer relationships | | 39,800 | | | (23,155) | | | (16,645) | | | — | | | N/A | Construction contract backlog | | 149,290 | | | (149,290) | | | — | | | — | | | N/A | Total | | $ | 381,940 | | | $ | (201,686) | | | $ | (113,067) | | | $ | 67,187 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2023 | | Weighted-Average Amortization Period | (in thousands) | | Cost | | Accumulated Amortization | | Accumulated Impairment Charge | | Carrying Value | | Trade names (non-amortizable) | | $ | 117,600 | | | $ | — | | | $ | (67,190) | | | $ | 50,410 | | | Indefinite | Trade names (amortizable) | | 69,250 | | | (28,123) | | | (23,232) | | | 17,895 | | | 20 years | Contractor license | | 6,000 | | | — | | | (6,000) | | | — | | | N/A | Customer relationships | | 39,800 | | | (23,155) | | | (16,645) | | | — | | | N/A | Construction contract backlog | | 149,290 | | | (149,290) | | | — | | | — | | | N/A | Total | | $ | 381,940 | | | $ | (200,568) | | | $ | (113,067) | | | $ | 68,305 | | | |
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