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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets  
Carrying Amount of Goodwill

The following table presents the carrying amount of goodwill allocated to the Company’s reporting units as of March 31, 2013:

 

 

 

 

 

 

 

Specialty

 

Management

 

 

 

(in thousands)

 

Building

 

Civil

 

Contractors

 

Services

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Goodwill Balance

 

$

420,267

 

$

429,893

 

$

141,833

 

$

 66,638

 

$

1,058,631

 

Accumulated Impairment

 

(409,765

)

(55,740

)

 

(22,480

)

(487,985

)

Balance at December 31, 2012

 

$

10,502

 

$

374,153

 

$

141,833

 

$

44,158

 

$

570,646

 

Impairment charge

 

 

 

 

 

 

Balance at March 31, 2013

 

$

10,502

 

$

374,153

 

$

  141,833

 

$

44,158

 

$

570,646

 

Intangible Assets

Intangible assets consist of the following:

 

 

 

March 31, 2013

 

Weighted

 

 

 

 

 

 

 

Accumulated

 

 

 

Average

 

 

 

 

 

Accumulated

 

Impairment

 

Carrying

 

Amortization

 

 

 

Cost

 

Amortization

 

Charge

 

Value

 

Period

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names (non-amortizable)

 

$

117,600

 

$

 

$

(67,190

)

$

50,410

 

Indefinite

 

Trade names (amortizable)

 

74,350

 

(4,475

)

(23,232

)

46,643

 

20 years

 

Contractor license

 

6,000

 

 

(6,000

)

 

Indefinite

 

Customer relationships

 

39,800

 

(13,351

)

(16,645

)

9,804

 

11.4 years

 

Construction contract backlog

 

73,706

 

(57,012

)

 

16,694

 

3.6 years

 

Total

 

$

311,456

 

$

(74,838

)

$

(113,067

)

$

123,551

 

 

 

 

 

 

December 31, 2012

 

Weighted

 

 

 

 

 

 

 

Accumulated

 

 

 

Average

 

 

 

 

 

Accumulated

 

Impairment

 

Carrying

 

Amortization

 

 

 

Cost

 

Amortization

 

Charge

 

Value

 

Period

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names (non-amortizable)

 

$

117,600

 

$

 

$

(67,190

)

$

50,410

 

Indefinite

 

Trade names (amortizable)

 

74,350

 

(3,854

)

(23,232

)

47,264

 

20 years

 

Contractor license

 

6,000

 

 

(6,000

)

 

Indefinite

 

Customer relationships

 

39,800

 

(13,029

)

(16,645

)

10,126

 

11.4 years

 

Construction contract backlog

 

73,706

 

(54,685

)

 

19,021

 

3.6 years

 

Total

 

$

311,456

 

$

(71,568

)

$

(113,067

)

$

126,821