Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Changes in Goodwill

The following table shows the changes in goodwill by reportable segment and in total:

	Mid-America Group		Southeast Group		West Group			Cement		Total
(Dollars in Thousands)	Nine Months Ended September 30, 2014
Balance at January 1, 2014	$	263,967	$	50,346	$	302,308		$	—	$	616,621
Organizational changes		18,150				(18,150	)				—
Acquisitions		—		—		614,224			842,819		1,457,043
Amounts allocated to divestitures		—		—		(30,344	)		—		(30,344	)
Balance at September 30, 2014	$	282,117	$	50,346	$	868,038		$	842,819	$	2,043,320
	Year Ended December 31, 2013
Balance at January 1, 2013	$	263,868	$	50,001	$	302,335		$	—	$	616,204
Acquisitions		99		345					—		444
Adjustments to purchase price allocations		—		—		(27	)		—		(27	)
Balance at December 31, 2013	$	263,967	$	50,346	$	302,308		$	—	$	616,621

Intangible Assets Subject to Amortization

Intangible assets subject to amortization consist of the following:

	Gross Amount		Accumulated Amortization			Net Balance
(Dollars in Thousands)	September 30, 2014
Noncompetition agreements	$	6,274	$	(5,874	)	$	400
Customer relationships		36,610		(6,824	)		29,786
Operating permits		498,685		(3,551	)		495,134
Use rights and other		15,386		(6,669	)		8,717
Trade name		12,800		(572	)		12,228
Total	$	569,755	$	(23,490	)	$	546,265
	December 31, 2013
Noncompetition agreements	$	6,274	$	(5,583	)	$	691
Customer relationships		20,660		(6,160	)		14,500
Operating permits		6,800		(1,394	)		5,406
Use rights and other		10,115		(6,156	)		3,959
Total	$	43,849	$	(19,293	)	$	24,556

Intangible Assets Deemed to Indefinite Life and Not Being Amortized

Intangible assets deemed to have an indefinite life and not being amortized consist of the following:

	Aggregates Business		Cement		Specialty Products		Total
(Dollars in Thousands)	September 30, 2014
Operating permits	$	6,600	$	—	$	—	$	6,600
Use rights		9,385		20,027		—		29,412
Trade name		80		14,300		2,565		16,945
Total	$	16,065	$	34,327	$	2,565	$	52,957
	December 31, 2013
Operating permits	$	11,635	$	—	$	—	$	11,635
Use rights		9,835		—		—		9,835
Trade name		—		—		2,565		2,565
Total	$	21,470	$	—	$	2,565	$	24,035

Schedule of Acquired Intangibles

The Corporation acquired $559,327,000 of intangibles from the TXI acquisition, which consists of the following:

(Dollars in Thousands)	Amount		Weighted-average amortization period
Subject to amortization:
Customer relationships	$	20,150	12.0 years
Operating permits		487,150	87.3 years
Use rights and other		4,820	8.2 years
Trade name		12,800	6.0 years
	$	524,920	81.7 years
Not subject to amortization:
Use rights	$	20,027	N/A
Trade name		14,380
		34,407
Total	$	559,327

Estimated Amortization Expense of Intangible Assets

The estimated amortization expense for intangible assets for the three months ending December 31, 2014 and for each of the next five years and thereafter is as follows:

(Dollars in Thousands)
Remainder of 2014	$	3,773
2015		14,453
2016		14,149
2017		14,009
2018		13,118
2019		12,192
Thereafter		474,571
Total	$	546,265