Intangible Assets

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Indefinite-lived Intangible Assets

Indefinite-lived intangible assets primarily consist of goodwill and use rights. Use rights of $0.4 million are included in other noncurrent assets on our condensed consolidated balance sheets as of March 31, 2015, December 31, 2014 and March 31, 2014.

The following table presents the goodwill balance by reportable segment:



(in thousands)	March 31, 2015		December 31, 2014		March 31, 2014
Construction	$	29,260	$	29,260	$	29,260
Large Project Construction	22,593		22,593		22,593
Construction Materials	1,946		1,946		1,946
Total goodwill	$	53,799	$	53,799	$	53,799

Amortized Intangible Assets

The following is the breakdown of our amortized intangible assets that are included in other noncurrent assets on our condensed consolidated balance sheets (in thousands):



			Accumulated
March 31, 2015	Gross Value		Amortization			Net Book Value
Permits	$	29,713	$	(13,396	)	$	16,317
Acquired backlog	7,900		(7,378		)	522
Customer lists	4,398		(2,858		)	1,540
Trade name	4,100		(971		)	3,129
Covenants not to compete and other	2,459		(2,428		)	31
Total amortized intangible assets	$	48,570	$	(27,031	)	$	21,539



			Accumulated
December 31, 2014	Gross Value		Amortization			Net Book Value
Permits	$	29,713	$	(13,115	)	$	16,598
Acquired backlog	7,900		(7,263		)	637
Customer lists	4,398		(2,785		)	1,613
Trade name	4,100		(863		)	3,237
Covenants not to compete and other	2,459		(2,428		)	31
Total amortized intangible assets	$	48,570	$	(26,454	)	$	22,116



			Accumulated
March 31, 2014	Gross Value		Amortization			Net Book Value
Permits	$	29,713	$	(12,273	)	$	17,440
Acquired backlog	7,900		(6,962		)	938
Customer lists	4,398		(2,564		)	1,834
Trade name	4,100		(539		)	3,561
Covenants not to compete and other	2,459		(2,424		)	35
Total amortized intangible assets	$	48,570	$	(24,762	)	$	23,808

Amortization expense related to amortized intangible assets for each of the three months ended March 31, 2015 and 2014 was $0.6 million. Based on the amortized intangible assets balance at March 31, 2015, amortization expense expected to be recorded in the future is as follows: $2.4 million for the remainder of 2015; $1.7 million in 2016; $1.7 million in 2017; $1.7 million in 2018; $1.7 million in 2019; and $12.3 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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