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Goodwill and Identifiable Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Identifiable Intangible Assets, Net  
Schedule of changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2017

    

2016

 

Balance at beginning of year

 

$

149,208

 

$

143,874

 

Additions (See Note 4)

 

 

52,481

 

 

5,334

 

Impairment adjustment

 

 

(1,105)

 

 

 —

 

Balance at end of year

 

$

200,584

 

$

149,208

 

 

Schedule of components of identifiable intangible assets

Identifiable intangible assets consist of the following (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

2017

 

2016

 

 

    

Useful Lives

    

Gross Book

    

Accumulated

    

Gross Book

    

Accumulated

 

 

    

in Years

    

Value

    

Amortization

    

Value

    

Amortization

 

Customer relationships

 

1 - 15

 

$

98,244

 

$

(47,057)

 

$

57,230

 

$

(36,758)

 

Backlog

 

1 - 2

 

 

6,300

 

 

(5,478)

 

 

3,600

 

 

(3,433)

 

Noncompete agreements

 

2 - 7

 

 

 —

 

 

 —

 

 

2,890

 

 

(2,890)

 

Tradenames

 

2 - 25

 

 

35,340

 

 

(11,305)

 

 

31,640

 

 

(9,844)

 

Total

 

 

 

$

139,884

 

$

(63,840)

 

$

95,360

 

$

(52,925)

 

 

Schedule of future amortization expense of identifiable intangible assets

At December 31, 2017, future amortization expense of identifiable intangible assets is as follows (in thousands):

 

 

 

 

 

Year ended December 31—

    

 

    

 

2018

    

$

13,786

 

2019

 

 

11,320

 

2020

 

 

9,252

 

2021

 

 

7,651

 

2022

 

 

6,041

 

Thereafter

 

 

27,994

 

Total

 

$

76,044