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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets  
Schedule of carrying amount of goodwill, and the effect of the reorganization

 

 

 

 

 

 

 

 

Specialty

 

Management

 

 

 

 

 

Civil

 

Building

 

Contractors

 

Services

 

Total

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Goodwill Balance

 

$

429,893

 

$

420,267

 

$

148,943

 

$

66,638

 

$

1,065,741

 

Accumulated Impairment

 

(55,740

)

(409,765

)

 

(22,480

)

(487,985

)

Balance at December 31, 2013

 

$

374,153

 

$

10,502

 

$

148,943

 

$

44,158

 

$

577,756

 

Goodwill redistribution in connection with reorganization

 

41,205

 

2,953

 

––

 

(44,158

)

 

Goodwill recorded in connection with an acquisition

 

––

 

––

 

7,250

 

––

 

7,250

 

Balance at June 30, 2014

 

$

415,358

 

$

13,455

 

$

156,193

 

$

 

$

585,006

 

 

Intangible Assets

 

 

 

June 30, 2014

 

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

 

(7,585

)

(23,232

)

 

43,533

 

20 years

 

Contractor license

 

6,000

 

 

(6,000

)

 

––

 

Indefinite

 

Customer relationships

 

39,800

 

(14,957

)

(16,645

)

 

8,198

 

11.4 years

 

Construction contract backlog

 

73,706

 

(69,444

)

 

4,262

 

3.6 years

 

Total

 

$

311,456

 

$

(91,986

)

$

(113,067

)

$

106,403

 

 

 

 

 

 

December 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

 

(6,341

)

(23,232

)

44,777

 

20 years

 

Contractor license

 

6,000

 

 

(6,000

)

 

Indefinite

 

Customer relationships

 

39,800

 

(14,315

)

(16,645

)

8,840

 

11.4 years

 

Construction contract backlog

 

73,706

 

(63,993

)

 

9,713

 

3.6 years

 

Total

 

$

311,456

 

$

(84,649

)

$

(113,067

)

$

113,740