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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill

The following table shows the changes in goodwill by reportable segment and in total:

 

December 31

 

Mid-

America

Group

 

 

Southeast

Group

 

 

West

Group

 

 

Cement

 

 

Total

 

(add 000)

 

2014

 

Balance at beginning of period

 

$

263,967

 

 

$

50,346

 

 

$

302,308

 

 

$

 

 

$

616,621

 

Division reorganization

 

 

18,150

 

 

 

 

 

 

(18,150

)

 

 

 

 

 

 

Acquisitions

 

 

 

 

 

 

 

 

600,372

 

 

 

883,900

 

 

 

1,484,272

 

Divestitures

 

 

 

 

 

 

 

 

(32,094

)

 

 

 

 

 

(32,094

)

Balance at end of period

 

$

282,117

 

 

$

50,346

 

 

$

852,436

 

 

$

883,900

 

 

$

2,068,799

 

 

 

2013

 

Balance at beginning of period

 

$

263,868

 

 

$

50,001

 

 

$

302,335

 

 

$

 

 

$

616,204

 

Acquisitions

 

 

99

 

 

 

345

 

 

 

 

 

 

 

 

 

444

 

Adjustments to purchase price allocations

 

 

 

 

 

 

 

 

(27

)

 

 

 

 

 

(27

)

Balance at end of period

 

$

263,967

 

 

$

50,346

 

 

$

302,308

 

 

$

 

 

$

616,621

 

 

Intangible Assets Subject to Amortization

Intangible assets subject to amortization consist of the following:

 

December 31

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Balance

 

(add 000)

 

2014

 

Noncompetition agreements

 

$

6,274

 

 

$

(5,971

)

 

$

303

 

Customer relationships

 

 

36,610

 

 

 

(7,654

)

 

 

28,956

 

Operating permits

 

 

498,462

 

 

 

(5,575

)

 

 

492,887

 

Use rights and other

 

 

15,385

 

 

 

(6,940

)

 

 

8,445

 

Trade names

 

 

12,800

 

 

 

(1,143

)

 

 

11,657

 

Total

 

$

569,531

 

 

$

(27,283

)

 

$

542,248

 

 

 

2013

 

Noncompetition agreements

 

$

6,274

 

 

$

(5,583

)

 

$

691

 

Customer relationships

 

 

20,660

 

 

 

(6,160

)

 

 

14,500

 

Operating permits

 

 

6,800

 

 

 

(1,394

)

 

 

5,406

 

Use rights and other

 

 

10,115

 

 

 

(6,156

)

 

 

3,959

 

Total

 

$

43,849

 

 

$

(19,293

)

 

$

24,556

 

 

Intangible Assets Deemed to Indefinite Life and Not Being Amortized

Intangible assets deemed to have an indefinite life and not being amortized consist of the following:

 

December 31

 

Aggregates

Business

 

 

Cement

 

 

Magnesia Specialties

 

 

Total

 

(add 000)

 

2014

 

Operating permits

 

$

6,600

 

 

$

 

 

$

 

 

$

6,600

 

Use rights

 

 

9,385

 

 

 

20,027

 

 

 

 

 

 

29,412

 

Trade names

 

 

 

 

 

14,380

 

 

 

2,565

 

 

 

16,945

 

Total

 

$

15,985

 

 

$

34,407

 

 

$

2,565

 

 

$

52,957

 

 

 

2013

 

Operating permits

 

$

11,635

 

 

$

 

 

$

 

 

$

11,635

 

Use rights

 

 

9,835

 

 

 

 

 

 

 

 

 

9,835

 

Trade names

 

 

 

 

 

 

 

 

2,565

 

 

 

2,565

 

Total

 

$

21,470

 

 

$

 

 

$

2,565

 

 

$

24,035

 

 

Schedule of Acquired Intangibles

During 2014, the Corporation acquired $559,277,000 of intangibles from the Texas Industries Inc. (“TXI”) acquisition, consisting of the following:

 

(add 000)

 

Amount

 

 

Weighted-average

amortization period

Subject to amortization:

 

 

 

 

 

 

Customer relationships

 

$

20,150

 

 

12.0 years

Operating permits

 

 

487,100

 

 

87.3 years

Use rights and other

 

 

4,820

 

 

8.2 years

Trade names

 

 

12,800

 

 

6.0 years

 

 

 

524,870

 

 

81.7 years

Not subject to amortization:

 

 

 

 

 

 

Trade names

 

 

14,380

 

 

N/A

      Use rights

 

 

20,027

 

 

 

 

 

 

34,407

 

 

 

Total

 

$

559,277

 

 

 

 

Estimated Amortization Expense of Intangible Assets

The estimated amortization expense for intangible assets for each of the next five years and thereafter is as follows:

 

(add 000)

 

 

 

 

2015

 

$

14,488

 

2016

 

 

14,183

 

2017

 

 

14,044

 

2018

 

 

13,153

 

2019

 

 

11,847

 

Thereafter

 

 

474,533

 

Total

 

$

542,248