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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table presents the goodwill balance by reportable segment (in thousands):

 

December 31,

 

2018

 

 

2017

 

Transportation

 

$

19,798

 

 

$

19,798

 

Water

 

 

144,319

 

 

 

618

 

Specialty

 

 

40,866

 

 

 

31,437

 

Materials

 

 

54,488

 

 

 

1,946

 

Total goodwill

 

$

259,471

 

 

$

53,799

 

 

Change in goodwill The following table presents the changes in goodwill since December 31, 2017 (in thousands):

 

Balance at December 31, 2017

$

53,799

 

Layne acquisition goodwill

 

187,619

 

LiquiForce acquisition goodwill

 

19,269

 

Goodwill translation and other adjustments

 

(1,216

)

Balance at December 31, 2018

$

259,471

 

Summary of amortized intangible assets

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

 

 

 

 

 

 

Accumulated

 

 

 

 

 

December 31, 2018

 

Gross Value

 

 

Amortization

 

 

Net Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

38,137

 

 

$

(7,640

)

 

$

30,497

 

Permits

 

 

25,959

 

 

 

(13,494

)

 

 

12,465

 

Backlog

 

 

9,713

 

 

 

(5,795

)

 

 

3,918

 

Developed technologies

 

 

9,233

 

 

 

(1,384

)

 

 

7,849

 

Trademarks/trade name

 

 

9,075

 

 

 

(1,381

)

 

 

7,694

 

Favorable contracts, covenants not to compete and other

 

 

5,781

 

 

 

(2,489

)

 

 

3,292

 

Intangible assets

 

 

97,898

 

 

 

(32,183

)

 

 

65,715

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Unfavorable contracts and leases

 

$

7,000

 

 

$

(4,726

)

 

$

2,274

 

Intangible liabilities

 

$

7,000

 

 

$

(4,726

)

 

$

2,274

 

Total net amortized intangible assets

 

$

90,898

 

 

$

(27,457

)

 

$

63,441

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Permits

 

$

25,959

 

 

$

(12,504

)

 

$

13,455

 

Customer lists

 

 

2,200

 

 

 

(1,467

)

 

 

733

 

Trademarks/trade name

 

 

4,100

 

 

 

(2,159

)

 

 

1,941

 

Covenants not to compete and other

 

 

50

 

 

 

(26

)

 

 

24

 

Total amortized intangible assets

 

$

32,309

 

 

$

(16,156

)

 

$

16,153