Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2017

Note 8—Goodwill and Intangible Assets

Goodwill by segment was recorded as follows:


	September 30,		December 31,
Reporting Segment	2017		2016
Power	$	24,391	$	24,512
Pipeline		51,521		42,252
Utilities		35,056		20,312
Civil		40,150		40,150
Total Goodwill	$	151,118	$	127,226

At September 30, 2017 and December 31, 2016, intangible assets other than goodwill totaled $48.7 million and $32.8 million, respectively, net of amortization. The table below summarizes the intangible asset categories, amounts and the average amortization periods, which are on a straight-line basis:


	Amortization	September 30,		December 31,
	Period	2017		2016
Tradename	3 to 10 years	$	10,918	$	11,754
Customer relationships	3 to 15 years		36,306		20,136
Non-compete agreements	2 to 5 years		1,186		951
Other	3 years		245		—
		$	48,655	$	32,841

Amortization expense of intangible assets was $2.6 million and $1.8 million for the three months ended September 30, 2017 and 2016, respectively and amortization expense for the nine months ended September 30, 2017 and 2016 was $6.2 million and $5.0 million, respectively. Estimated future amortization expense for intangible assets is as follows:


	Estimated
	Intangible
For the Years Ending	Amortization
December 31,	Expense
2017 (remaining three months)	$	2,505
2018		9,741
2019		9,393
2020		6,650
2021		5,413
Thereafter		14,953
	$	48,655

- 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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