Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Significant Estimates Used by Management in Determining Fair Values of Company's Reporting Units

The following table presents the significant estimates used by management in determining the fair values of Quanta’s reporting units at December 31, 2013, 2012 and 2011:


	Operating Units Providing Predominantly Electric Power and Oil and Gas Infrastructure Services			Operating Unit Providing Fiber Optic Licensing
	2013	2012	2011	2013	2012	2011
Years of cash flows before terminal value	5	5	5	15	15	15
Discount rates	12% to 14%	12% to 13%	13%	12%	12%	14%
EBITDA multiples	5.0 to 8.0	4.5 to 8.0	4.5 to 8.0	9.5	9.5	9.5
Weighting of three approaches:
Discounted cash flows	70%	70%	70%	90%	90%	90%
Market multiple	15%	15%	15%	5%	5%	5%
Market capitalization	15%	15%	15%	5%	5%	5%

Minimum Future Licensing Revenue

Minimum future licensing revenues expected to be recognized by Quanta pursuant to these agreements at December 31, 2013 were as follows (in thousands):


	Minimum Future Licensing Revenues
Year Ending December 31 —
2014	$	82,043
2015		54,631
2016		45,193
2017		36,220
2018		26,364
Thereafter		128,018

Fixed non-cancelable minimum licensing revenues	$	372,469