XML 30 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisition (Tables)
9 Months Ended
Sep. 30, 2013
Business Combinations [Abstract]  
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]
We recorded amortization expense associated with the acquired intangible assets as follows:

 
 
Three Months Ended
 
Nine Months Ended
 
(in thousands)
 
September 30, 2013
Cost of revenue - Construction
 
$
1,600

 
$
4,800

 
Cost of revenue - Large Project Construction
 
99

 
347

 
Selling, general and administrative expenses
 
181

 
544

 
Total
 
$
1,880

 
$
5,691

 
Schedule of Purchase Price Allocation [Table Text Block]
The following table presents the adjusted purchase price allocation (in thousands):
Cash and cash equivalents
 
 
 
$
53,185

 
Receivables
 
 
 
88,725

 
Costs and estimated earnings in excess of billings
 
 
 
444

 
Inventories
 
 
 
731

 
Equity in construction joint ventures
 
 
 
7,803

 
Other current assets
 
 
 
6,039

 
Property and equipment, net
 
 
 
51,909

 
Identifiable intangible assets:
 
 
 
 
 
       Acquired backlog
 
7,900

 
 
 
Customer list
 
2,200

 
 
 
       Trade name
 
4,100

 
 
 
Total identifiable intangible assets
 
 
 
14,200

 
Total identifiable assets acquired
 
 
 
223,036

 
Accounts payable
 
 
 
43,591

 
Billings in excess of costs and estimated earnings
 
 
 
50,098

 
Accrued expenses and other current liabilities
 
 
 
16,806

 
Noncontrolling interests
 
 
 
15,326

 
Net identifiable assets acquired
 
 
 
97,215

 
Goodwill
 
 
 
43,899

 
Purchase price
 
 
 
$
141,114