Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill and Intangible Assets [Abstract]

(6)	Goodwill and Intangible Assets

There were no changes in the carrying amount of Goodwill and Intangible Assets during the six months ended June 30, 2011, except in connection with the acquisitions of Fisk, Anderson and Frontier (see Note 3), as shown in the tables below (in thousands):

	Building			Civil		Management Services			Total

Gross Goodwill	$	402,926		$	319,254	$	66,638		$	788,818
Accumulated impairment		(146,847	)		-		(20,051	)		(166,898	)
Balance at December 31, 2010		256,079			319,254		46,587			621,920
Goodwill recorded in connection with the acquisitions of Fisk, Anderson and Frontier-Kemper		63,309			5,848		-			69,157
Balance at June 30, 2011	$	319,388		$	325,102	$	46,587		$	691,077

Intangible Assets consist of the following (in thousands):

	As of June 30, 2011
	Gross Carrying Amount		Accumulated Amortization			Carrying Value
Trade names	$	123,350	$	-		$	123,350
Contractor license		5,320		-			5,320
Customer relationships		36,600		(8,771	)		27,829
Construction contract backlog		39,140		(35,433	)		3,707
Total	$	204,410	$	(44,204	)	$	160,206

	As of December 31, 2010
	Gross Carrying Amount		Accumulated Amortization			Carrying Value
Trade names	$	101,250	$	-		$	101,250
Contractor license		5,320		-			5,320
Customer relationships		31,700		(7,113	)		24,587
Construction contract backlog		34,540		(33,146	)		1,394
Total	$	172,810	$	(40,259	)	$	132,551

Amortization expense for the three and six month periods ended June 30, 2011 was $2.2 million and $3.9 million, respectively. Amortization expense for the three and six month periods ended June 30, 2010 was $2.0 million and $4.3 million, respectively. As of June 30, 2011, amortization expense is estimated to be $3.7 million for the remainder of 2011, $5.0 million in 2012, $3.3 million in 2013 and 2014, $2.7 million in 2015 and $13.5 million thereafter.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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