XML 50 R32.htm IDEA: XBRL DOCUMENT v3.6.0.2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in goodwill
The following table details the goodwill activity for the years ended December 31, 2016 and 2015:
(in thousands)
 
 
December 31, 2014
 
$
1,137

Acquisition of VNS Corporation
 
9,287

Acquisition of Robert Bowden, Inc.
 
44,541

Merger with Stock Building Supply Holdings, Inc.
 
199,699

December 31, 2015
 
254,664

VNS measurement period adjustment
 
142

RBI measurement period adjustment
 
(124
)
SBS measurement period adjustment
 
150

December 31, 2016
 
$
254,832

Change in intangible assets
The following table provides the gross carrying amount and related accumulated amortization of definite-lived intangible assets.
 
Trademarks
 
Customer Relationships
 
Non-Compete Agreements
 
 
 
Gross
 
 
 
Gross
 
 
 
Gross
 
 
 
 
 
Carrying
 
Accumulated
 
Carrying
 
Accumulated
 
Carrying
 
Accumulated
 
 
(in thousands)
Amount
 
Amortization
 
Amount
 
Amortization
 
Amount
 
Amortization
 
Total
December 31, 2014
$

 
$

 
$

 
$

 
$

 
$

 
$

Acquisition of VNS
850

 

 
10,000

 

 

 

 
10,850

Acquisition of RBI

 

 
39,900

 

 
400

 

 
40,300

Merger with SBS
4,500

 

 
129,800

 

 
6,112

 

 
140,412

Amortization

 
(408
)
 

 
(2,664
)
 

 
(554
)
 
(3,626
)
December 31, 2015
5,350

 
(408
)
 
179,700

 
(2,664
)
 
6,512

 
(554
)
 
187,936

Amortization

 
(2,140
)
 

 
(12,845
)
 

 
(5,736
)
 
(20,721
)
December 31, 2016
$
5,350

 
$
(2,548
)
 
$
179,700

 
$
(15,509
)
 
$
6,512

 
$
(6,290
)
 
$
167,215

Intangible assets amortization schedule
Based upon current assumptions, the Company expects that its definite-lived intangible assets will be amortized according to the following schedule:
(in thousands)
 
 
2017
 
$
15,000

2018
 
13,046

2019
 
12,957

2020
 
12,957

2021
 
12,957

Thereafter
 
100,298

 
 
$
167,215