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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets  
Schedule of goodwill by reporting unit

The change in goodwill by segment for the nine months ended September 30, 2018 was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power

 

Pipeline

 

Utilities

 

Transmission

 

Civil

 

Total

 

Balance at January 1, 2018

 

$

24,391

 

$

51,521

 

$

37,312

 

$

 —

 

$

40,150

 

$

153,374

 

Goodwill acquired during the year

 

 

7,645

 

 

3,570

 

 

 —

 

 

43,541

 

 

 —

 

 

54,756

 

Balance at September 30, 2018

 

$

32,036

 

$

55,091

 

$

37,312

 

$

43,541

 

$

40,150

 

$

208,130

 

 

Summary of intangible asset categories, amounts and the average amortization periods

The table below summarizes the intangible asset categories, amounts and the average amortization periods, which are on a straight-line basis (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

December 31, 2017

 

 

    

Weighted
Average Life

    

Gross Carrying
Amount

    

Accumulated
Amortization

    

Gross Carrying
Amount

    

Accumulated
Amortization

 

Tradename

 

9 years

 

$

31,390

 

$

(24,272)

 

$

32,175

 

$

(22,238)

 

Customer relationships

 

16 years

 

 

97,400

 

 

(21,146)

 

 

49,900

 

 

(16,338)

 

Non-compete agreements

 

5 years

 

 

3,500

 

 

(1,212)

 

 

1,900

 

 

(820)

 

Other

 

3 years

 

 

275

 

 

(122)

 

 

275

 

 

(54)

 

Total

 

15 years

 

$

132,565

 

$

(46,752)

 

$

84,250

 

$

(39,450)

 

 

Schedule of estimated future amortization expense for intangible assets

Estimated future amortization expense for intangible assets is as follows (in thousands):

 

 

 

 

 

 

 

    

Estimated

 

 

 

Intangible

 

For the Years Ending

 

Amortization

 

December 31, 

 

Expense

 

2018 (remaining three months)

 

$

3,015

 

2019

 

 

11,879

 

2020

 

 

9,134

 

2021

 

 

7,897

 

2022

 

 

6,736

 

Thereafter

 

 

47,152

 

 

 

$

85,813