XML 44 R31.htm IDEA: XBRL DOCUMENT v3.3.1.900
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Quanta's Goodwill

A summary of changes in Quanta’s goodwill is as follows (in thousands):

 

     Electric Power
Infrastructure
Services Division
     Oil and Gas
Infrastructure

Services Division
     Total  

Goodwill balance at December 31, 2013

   $ 1,168,084       $ 277,843       $ 1,445,927   

Goodwill acquired during 2014

     71,517         102,968         174,485   

Foreign currency translation adjustments

     (16,377      (7,340      (23,717
  

 

 

    

 

 

    

 

 

 

Goodwill balance at December 31, 2014

     1,223,224         373,471         1,596,695   

Goodwill acquired during 2015

     31,224         20,636         51,860   

Purchase price allocation adjustments

     750         (8,867      (8,117

Goodwill impaired during 2015

     —           (39,826      (39,826

Foreign currency translation adjustments

     (28,953      (19,001      (47,954
  

 

 

    

 

 

    

 

 

 

Balance at December 31, 2015:

        

Goodwill

   $ 1,226,245       $ 366,306       $ 1,592,551   

Accumulated impairment

     —           (39,893      (39,893
  

 

 

    

 

 

    

 

 

 
   $ 1,226,245       $ 326,413       $ 1,552,658   
  

 

 

    

 

 

    

 

 

 
Other Intangible Assets

Quanta’s intangible assets subject to amortization and the remaining weighted average amortization periods related to such assets were as follows (in thousands except for weighted average amortization periods, which are in years):

 

    As of
December 31, 2015
    As of
December 31, 2014
    As of
December 31, 2015
 
     
    Intangible
Assets
    Accumulated
Amortization
    Intangible
Assets, Net
    Intangible
Assets
    Accumulated
Amortization
    Intangible
Assets, Net
    Remaining
Weighted Average
Amortization
Period in Years
 

Customer relationships

  $ 236,731      $ (90,840   $ 145,891      $ 235,851      $ (63,764   $ 172,087        9.7   

Backlog

    130,818        (126,954     3,864        133,704        (122,265     11,439        0.7   

Trade names

    51,192        (9,525     41,667        49,664        (6,278     43,386        18.6   

Non-compete agreements

    28,560        (23,507     5,053        27,659        (21,365     6,294        3.5   

Patented rights and developed technology

    22,447        (13,848     8,599        22,073        (11,695     10,378        4.0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total intangible assets subject to amortization

  $ 469,748      $ (264,674   $ 205,074      $ 468,951      $ (225,367   $ 243,584        10.9   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   
Estimated Future Aggregate Amortization Expense of Intangible Assets

The estimated future aggregate amortization expense of intangible assets subject to amortization as of December 31, 2015 is set forth below (in thousands):

 

For the Fiscal Year Ending December 31,

      

2016

   $ 28,172   

2017

     22,758   

2018

     22,015   

2019

     21,219   

2020

     20,103   

Thereafter

     90,807   
  

 

 

 

Total

   $ 205,074