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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS:
As described in Note 2, Quanta’s operating units are organized into one of Quanta’s two internal divisions, and accordingly the goodwill associated with the operating units has been aggregated on a divisional basis in the table below. These divisions are closely aligned with Quanta’s reportable segments, and operating units are assigned to a division based on the predominant type of work performed. From time to time, an operating unit may be reorganized between divisions if warranted due to changes in its predominant business.
A summary of changes in Quanta’s goodwill is as follows (in thousands):
 
 
Electric Power Infrastructure Services
Division
 
Pipeline and Industrial Infrastructure Services
Division
 
Total
Balance at December 31, 2018:
 
 
 
 
 
 
Goodwill
 
$
1,313,078

 
$
683,284

 
$
1,996,362

Accumulated impairment
 
—

 
(96,483
)
 
(96,483
)
 
 
1,313,078
 
586,801
 
1,899,879
 
 
 
 
 
 
 
Goodwill related to acquisitions completed in 2019
 
43,183

 
67,200

 
110,383

Purchase price allocation adjustments
 
1,503

 
—

 
1,503

Foreign currency translation adjustments
 
7,399

 
3,511

 
10,910

 
 
 
 
 
 
 
Balance at December 31, 2019:
 
 
 
 
 
 
Goodwill
 
1,365,163

 
753,938

 
2,119,101

Accumulated impairment
 
—

 
(96,426
)
 
(96,426
)
 
 
1,365,163

 
657,512

 
2,022,675

 
 
 
 
 
 
 
Goodwill related to acquisitions completed in 2020
 
3,768

 
6,301

 
10,069

Purchase price allocation adjustments
 
(246
)
 
—

 
(246
)
Foreign currency translation adjustments
 
(16,143
)
 
(9,890
)
 
(26,033
)
 
 
 
 
 
 
 
Balance at March 31, 2020:
 
 
 
 
 
 
Goodwill
 
1,352,542

 
748,771

 
2,101,313

Accumulated impairment
 
—

 
(94,848
)
 
(94,848
)
 
 
$
1,352,542

 
$
653,923

 
$
2,006,465




Quanta’s intangible assets and the remaining weighted average amortization periods related to its intangible assets subject to amortization were as follows (in thousands except for weighted average amortization periods, which are in years):
 
 
As of
 
As of
 
 
March 31, 2020
 
December 31, 2019
 
 
Remaining Weighted Average Amortization Period in Years
 
Intangible
Assets
 
Accumulated
Amortization
 
Intangible
Assets, Net
 
Intangible
Assets
 
Accumulated
Amortization
 
Intangible
Assets, Net
Customer relationships
 
6.2
 
$
527,298

 
$
(223,606
)
 
$
303,692

 
$
532,808

 
$
(213,915
)
 
$
318,893

Backlog
 
2.5
 
142,144

 
(139,330
)
 
2,814

 
144,704

 
(141,580
)
 
3,124

Trade names
 
14.5
 
92,182

 
(27,400
)
 
64,782

 
93,396

 
(26,145
)
 
67,251

Non-compete agreements
 
3.1
 
43,459

 
(33,234
)
 
10,225

 
43,281

 
(32,868
)
 
10,413

Patented rights and developed technology
 
2.1
 
22,416

 
(20,789
)
 
1,627

 
22,719

 
(20,682
)
 
2,037

Curriculum
 
8.1
 
11,712

 
(2,214
)
 
9,498

 
11,712

 
(2,696
)
 
9,016

Total intangible assets subject to amortization
 
7.5
 
839,211

 
(446,573
)
 
392,638

 
848,620

 
(437,886
)
 
410,734

Engineering license
 
 
 
3,000

 
—

 
3,000

 
3,000

 
—

 
3,000

  Total intangible assets
 
 
 
$
842,211

 
$
(446,573
)
 
$
395,638

 
$
851,620

 
$
(437,886
)
 
$
413,734


Amortization expense for intangible assets was $17.9 million and $12.7 million for the three months ended March 31, 2020 and 2019.
The estimated future aggregate amortization expense of intangible assets subject to amortization as of March 31, 2020 is set forth below (in thousands):
Year Ending December 31:
 
 

Remainder of 2020
 
$
53,001

2021
 
68,083

2022
 
63,069

2023
 
53,825

2024
 
41,438

Thereafter
 
113,222

Total
 
$
392,638