GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

4. GOODWILL AND OTHER INTANGIBLE ASSETS:

A summary of changes in Quanta’s goodwill is as follows (in thousands):


	Electric Power Division			Natural Gas and Pipeline Division		Fiber Optic Licensing Division		Total
Goodwill balance at December 31, 2012	$	1,065,152		$	137,703	$	334,790	$	1,537,645
Goodwill acquired during 2013		1,052			—		—		1,052
Foreign currency translation related to goodwill		(2,941	)		39		—		(2,902	)

Goodwill balance at March 31, 2013	$	1,063,263		$	137,742	$	334,790	$	1,535,795

As described in Note 2, Quanta’s operating units are organized into one of Quanta’s three internal divisions and accordingly, Quanta’s goodwill associated with each of its operating units has been aggregated on a divisional basis and reported in the table above. These divisions are closely aligned with Quanta’s reportable segments based on the predominant type of work performed by the operating units within the divisions. From time to time, operating units may be reorganized among Quanta’s internal divisions, as Quanta periodically re-evaluates strategies to better align its operations as business environments evolve.

Activity in Quanta’s intangible assets consists of the following (in thousands):


	As of December 31, 2012					Three Months Ended March 31, 2013								As of March 31, 2013
	Intangible Assets		Accumulated Amortization			Amortization Expense			Additions		Foreign Currency Adjustments			Intangible Assets, Net		Remaining Weighted Average Amortization Period in Years
Customer relationships	$	170,465	$	(47,777	)	$	(2,804	)	$	483	$	(727	)	$	119,640		10.9
Backlog		126,057		(119,068	)		(1,104	)		393		(14	)		6,264		2.0
Trade names		32,559		(3,014	)		(271	)		—		(102	)		29,172		27.0
Non-compete agreements		27,406		(20,706	)		(589	)		44		(67	)		6,088		3.0
Patented rights and developed technology		20,931		(7,517	)		(533	)		—		(30	)		12,851		6.7

Total intangible assets subject to amortization		377,418		(198,082	)		(5,301	)		920		(940	)		174,015		12.7
Other intangible assets not subject to amortization		4,500		—			—			—		—			4,500		N/A

Total intangible assets	$	381,918	$	(198,082	)	$	(5,301	)	$	920	$	(940	)	$	178,515		N/A

Amortization expense for intangible assets was $5.3 million and $9.2 million for the three months ended March 31, 2013 and 2012. The estimated future aggregate amortization expense of intangible assets as of March 31, 2013 is set forth below (in thousands):


For the Fiscal Year Ending December 31 —
Remainder of 2013	$	15,161
2014		18,363
2015		15,961
2016		15,093
2017		14,110
Thereafter		95,327

Total	$	174,015

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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