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Goodwill and Identifiable Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2018
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,

 

 

 

2018

    

2017

 

Balance at beginning of year

 

$

200,584

 

$

149,208

 

Additions (See Note 4)

 

 

34,598

 

 

52,481

 

Impairment adjustment

 

 

 —

 

 

(1,105)

 

Balance at end of year

 

$

235,182

 

$

200,584

 

 

Schedule of components of identifiable intangible assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

Estimated

 

2018

 

2017

 

 

    

Useful Lives

    

Gross Book

    

Accumulated

    

Gross Book

    

Accumulated

 

 

    

in Years

    

Value

    

Amortization

    

Value

    

Amortization

 

Customer relationships

 

1 - 15

 

$

128,480

 

$

(60,731)

 

$

98,244

 

$

(47,057)

 

Backlog

 

1 - 2

 

 

9,100

 

 

(8,260)

 

 

6,300

 

 

(5,478)

 

Tradenames

 

2 - 25

 

 

39,395

 

 

(12,709)

 

 

35,340

 

 

(11,305)

 

Total

 

 

 

$

176,975

 

$

(81,700)

 

$

139,884

 

$

(63,840)

 

 

Schedule of future amortization expense of identifiable intangible assets

At December 31, 2018, future amortization expense of identifiable intangible assets is as follows (in thousands):

 

 

 

 

 

Year ended December 31—

    

 

    

 

2019

    

$

18,088

 

2020

 

 

15,103

 

2021

 

 

12,060

 

2022

 

 

9,866

 

2023

 

 

8,478

 

Thereafter

 

 

31,680

 

Total

 

$

95,275