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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS  
Changes in goodwill allocated to reportable segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mechanical

 

Electrical

  

 

  

 

 

 

 

Solutions

 

Solutions

 

Services

 

 

 

(in thousands)

 

Segment

 

Segment

 

Segment

 

Total

Balance as of January 1, 2015

 

$

26,016

 

$

13,501

 

$

48,396

 

$

87,913

Impairment

 

 

(23,284)

 

 

(13,501)

 

 

(809)

 

 

(37,594)

Balance as of December 31, 2015

 

 

2,732

 

 

— 

 

 

47,587

 

 

50,319

Sale of business

 

 

(1,676)

 

 

— 

 

 

— 

 

 

(1,676)

Goodwill reclassified to assets held for sale

 

 

— 

 

 

— 

 

 

(12,187)

 

 

(12,187)

Balance as of December 31, 2016

 

$

1,056

 

$

— 

 

$

35,400

 

$

36,456

 

Schedule of other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

December 31, 2015

 

 

Weighed

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

Average

  

Carrying

  

Accumulated

  

 

 

 

Carrying

 

Accumulated

 

 

 

($ in thousands)

 

life

 

Amount

 

Amortization

 

Net

 

Amount

 

Amortization

 

Net

Customer relationships

 

8.5 years

 

$

19,600

 

$

(9,610)

 

$

9,990

 

$

38,500

 

$

(14,963)

 

$

23,537

Non-compete agreements

 

5 years

 

 

1,716

 

 

(1,405)

 

 

311

 

 

3,016

 

 

(1,755)

 

 

1,261

Backlog

 

1.1 years

 

 

320

 

 

(320)

 

 

— 

 

 

320

 

 

(145)

 

 

175

Trade names

 

Indefinite

 

 

14,500

 

 

— 

 

 

14,500

 

 

19,030

 

 

— 

 

 

19,030

Total

 

 

 

$

36,136

 

$

(11,335)

 

$

24,801

 

$

60,866

 

$

(16,863)

 

$

44,003

 

Schedule of other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

December 31, 2015

 

 

Weighed

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

Average

  

Carrying

  

Accumulated

  

 

 

 

Carrying

 

Accumulated

 

 

 

($ in thousands)

 

life

 

Amount

 

Amortization

 

Net

 

Amount

 

Amortization

 

Net

Customer relationships

 

8.5 years

 

$

19,600

 

$

(9,610)

 

$

9,990

 

$

38,500

 

$

(14,963)

 

$

23,537

Non-compete agreements

 

5 years

 

 

1,716

 

 

(1,405)

 

 

311

 

 

3,016

 

 

(1,755)

 

 

1,261

Backlog

 

1.1 years

 

 

320

 

 

(320)

 

 

— 

 

 

320

 

 

(145)

 

 

175

Trade names

 

Indefinite

 

 

14,500

 

 

— 

 

 

14,500

 

 

19,030

 

 

— 

 

 

19,030

Total

 

 

 

$

36,136

 

$

(11,335)

 

$

24,801

 

$

60,866

 

$

(16,863)

 

$

44,003

 

Schedule of estimated future aggregate amortization expense of intangible assets

 

 

 

 

 

 

 

 

December 31,

 

 

(in thousands)

2017

 

$

2,593

2018

 

 

2,411

2019

 

 

2,346

2020

 

 

1,998

2021

 

 

953

Thereafter

 

 

— 

Total

 

$

10,301