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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

Note 6—Goodwill and Intangible Assets

​

The carrying amount of goodwill by reportable segment is as follows (in thousands):

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​

​

​

​

​

​

​

​

​

​

June 30, 

​

December 31, 

 

Reporting Segment

    

2020

    

2019

 

Power

 

$

26,194

​

$

26,194

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Pipeline

 

 

52,415

​

 

52,415

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Utilities

 

 

37,312

​

 

37,312

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Transmission

​

​

59,032

​

​

59,032

​

Civil

 

 

40,150

​

 

40,150

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Total Goodwill

​

$

215,103

​

$

215,103

​

​

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

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2020

​

December 31, 2019

​

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Gross Carrying
Amount

    

Accumulated
Amortization

    

Intangible assets, net

    

Gross Carrying
Amount

    

Accumulated
Amortization

    

Intangible assets, net

 

Tradename

​

$

16,040

​

​

(14,213)

​

​

1,827

​

$

16,040

​

$

(13,216)

​

$

2,824

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Customer relationships

​

 

91,000

​

​

(27,901)

​

​

63,099

​

 

91,000

​

 

(24,353)

​

 

66,647

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Non-compete agreements

​

 

1,900

​

​

(1,680)

​

​

220

​

 

1,900

​

 

(1,580)

​

 

320

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Other

​

​

275

​

​

(275)

​

​

—

​

​

275

​

​

(237)

​

​

38

​

Total

​

$

109,215

​

$

(44,069)

​

$

65,146

​

$

109,215

​

$

(39,386)

​

$

69,829

​

​

Amortization expense of intangible assets was $2.3 million and $3.0 million for the three months ended June 30, 2020 and 2019, respectively, and $4.7 million and $5.7 million for the six months ended June 30, 2020 and 2019, respectively. Estimated future amortization expense for intangible assets is as follows (in thousands):

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​

​

​

​

​

​

​

Estimated

 

​

​

Intangible

 

​

​

Amortization

 

For the Years Ending December 31, 

    

Expense

 

2020 (remaining six months)

​

$

4,134

​

2021

​

​

7,577

​

2022

​

 

6,416

​

2023

​

 

5,581

​

2024

​

 

4,862

​

Thereafter

​

 

36,576

​

​

​

$

65,146

​

​