Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Except for goodwill, which is separately presented, the balances of the following intangible assets are included in other noncurrent assets on our consolidated balance sheets (in thousands):

Indefinite-lived Intangible Assets:



December 31,	2012		2011
Goodwill	$	55,419	$	9,900
Use rights and other	393		393
Total unamortized intangible assets	$	55,812	$	10,293

The following table presents the goodwill balance by reporting segment (in thousands):



December 31,	2012		2011
Construction	$	29,190	$	6,937
Large Project Construction	24,115		850
Construction Materials	2,114		2,113
Total goodwill	$	55,419	$	9,900

Amortized Intangible Assets:



			Accumulated
December 31, 2012	Gross Value		Amortization			Net Value
Permits	$	29,713	$	(10,869	)	$	18,844
Customer lists	4,698		(2,170		)	2,528
Covenants not to compete	1,588		(1,546		)	42
Acquired backlog	8,400		—			8,400
Trade name	4,100		—			4,100
Other	871		(734		)	137
Total amortized intangible assets	$	49,370	$	(15,319	)	$	34,051



December 31, 2011
Permits	$	29,713	$	(7,573	)	$	22,140
Customer lists	2,198		(1,942		)	256
Covenants not to compete	1,588		(1,476		)	112
Other	871		(583		)	288
Total amortized intangible assets	$	34,370	$	(11,574	)	$	22,796

The increases to goodwill, customer lists, acquired backlog and trade name are due to the acquisition of Kenny Construction Company (“Kenny”) - see Note 21.

Amortization expense related to amortized intangible assets for the years ended December 31, 2012, 2011 and 2010 was approximately $3.7 million, $2.0 million and $2.4 million, respectively. Based on the amortized intangible assets balance at December 31, 2012, amortization expense expected to be recorded in the future is as follows: $9.4 million in 2013; $2.6 million in 2014; $2.2 million in 2015; $1.8 million in 2016; $1.8 million in 2017; and $16.3 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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