Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill And Other Intangible Assets [Abstract]

12. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and other intangible assets consist of the following:


(In thousands)
Other intangible assets, net	Transportation			Federal			Total

Balance, December 31, 2010	$	14,532		$	37		$	14,569
Purchase of JMA		—			924			924
Less: Amortization		(3,458	)		(36	)		(3,494	)

Balance, June 30, 2011	$	11,074		$	925		$	11,999


(In thousands)
Goodwill	Transportation		Federal		Total

Balance, December 31, 2010	$	52,731	$	710	$	53,441
Purchase of JMA		—		1,346		1,346

Balance, June 30, 2011	$	52,731	$	2,056	$	54,787

The Company’s goodwill balance is not being amortized and goodwill impairment tests are being performed at least annually. The Company performs its annual evaluation of the carrying value of its goodwill during the second quarter. No goodwill impairment charge was required in connection with this evaluation in 2011.

The following table summarizes the Company’s other intangible assets balance as of June 30, 2011:


	Acquisition		Accumulated		Carrying
(In thousands)	Date Fair Value		Amortization		Value

Project backlog	$	10,639	$	5,850	$	4,789
Customer contracts and related relationships		7,330		1,487		5,843
Non-competition agreements		2,604		1,464		1,140
Trademark / trade name		460		233		227

*Total*	$	21,033	$	9,034	$	11,999

These identifiable intangible assets with finite lives are being amortized over their estimated useful lives. Substantially all of these intangible assets will be fully amortized over the next five years. Amortization expense recorded on the other intangible assets balance was $3,494,000 and $1,207,000 for the six months ended June 30, 2011 and 2010, respectively.

Estimated future amortization expense for other intangible assets as of June 30, 2011 is as follows:


(In thousands)

For the six months ending December 31, 2011	$	3,600
Fiscal year 2012		4,242
Fiscal year 2013		2,043
Fiscal year 2014		1,984
Fiscal year 2015		109
Fiscal year 2016		21

*Total*	$	11,999

- 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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