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Goodwill (Text Block)
 12 Months Ended
Dec. 31, 2015
Goodwill Excluding Non Goodwill Intangibles [Abstract]  
Goodwill Disclosure [Text Block]
Goodwill

The following table reflects goodwill allocated to each reporting segment at December 31, 2015 and 2014:

 
Electricity
 
Gas
 
Water
 
Total Company
 
(in thousands)
Goodwill balance at January 1, 2014
 
 
 
 
 
 
 
Goodwill before impairment
$
493,610

 
$
394,878

 
$
429,783

 
$
1,318,271

Accumulated impairment losses
(434,352
)
 
—

 
(336,315
)
 
(770,667
)
Goodwill, net
59,258

 
394,878

 
93,468

 
547,604

 
 
 
 
 
 
 
 
Effect of change in exchange rates
(3,571
)
 
(35,393
)
 
(7,820
)
 
(46,784
)
 
 
 
 
 
 
 
 
Goodwill balance at December 31, 2014
 
 
 
 
 
 
 
Goodwill before impairment
449,668

 
359,485

 
382,655

 
1,191,808

Accumulated impairment losses
(393,981
)
 
—

 
(297,007
)
 
(690,988
)
Goodwill, net
55,687

 
359,485

 
85,648

 
500,820

 
 
 
 
 
 
 
 
Goodwill acquired
—

 
—

 
4,684

 
4,684

Effect of change in exchange rates
(2,954
)
 
(28,049
)
 
(6,379
)
 
(37,382
)
 
 
 
 
 
 
 
 
Goodwill balance at December 31, 2015
 
 
 
 
 
 
 
Goodwill before impairment
414,910

 
331,436

 
350,314

 
1,096,660

Accumulated impairment losses
(362,177
)
 
—

 
(266,361
)
 
(628,538
)
Goodwill, net
$
52,733

 
$
331,436

 
$
83,953

 
$
468,122



During our 2015 annual goodwill impairment test, performed as of October 1, 2015, we performed the first step of the quantitative impairment test for Electricity, Gas, and Water and determined that the fair value of each of the reporting units exceeded their carrying values. No goodwill impairment was required to be recognized as the result of this quantitative analysis.

In 2014, we tested the Gas and Water reporting units, in conjunction with our annual goodwill impairment testing. We used the qualitative assessment methodology, as we determined it was more likely than not that the fair values of these reporting units exceeded their respective carrying values. As a result, we did not need to perform the quantitative impairment test for the Gas and Water reporting units, and no goodwill impairments were recognized.

In 2014, as a result of the impairment recognized in 2013, we concluded that it was not more likely than not that the fair value of the Electricity reporting unit exceeded its carrying value, and we therefore performed a quantitative analysis of this reporting unit. No goodwill impairment was required to be recognized as the result of this quantitative analysis.

During our 2013 annual goodwill impairment test, we determined that the carrying value of the Electricity reporting unit exceeded its fair value, primarily due to delays in global smart grid projects and lower volumes and pricing pressures in certain regions in Europe and Asia/Pacific. The revised forecast for the Electricity business drove a decrease in the fair value of the reporting unit. As a result, we performed the second step of the goodwill impairment test for the Electricity reporting unit, which indicated a goodwill impairment of $174.2 million was necessary. This charge was recorded during the fourth quarter of 2013.

Refer to Note 1 for a description of our reporting units and the methods used to determine the fair values of our reporting units and to determine the amount of any goodwill impairment.

Temetra Acquisition
On August 26, 2015, we completed our acquisition of 100% of Temetra in a stock purchase. The purchase price of Temetra includes the following:

 
Total Purchase Price
 
(in thousands)
Cash paid (net of $1,395 cash received)
$
5,754

Estimated working capital adjustment
905

Fair value of contingent consideration
3,122

Total purchase price
$
9,781



The contingent consideration could be earned by the former Temetra shareholders based on Temetra's operational performance through the end of 2018. Goodwill generated from the acquisition is not deductible for tax purposes. Refer to Note 5 for additional information regarding this acquisition. Pro forma information has not been provided as the acquisition is not considered significant.