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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2016
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 |
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 |
Goodwill acquired during 2016 |  |  | 5,829 |  |  |  | 20,287 |  |  |  | 26,116 |
Purchase price allocation adjustments (1) |  |  | — |  |  |  | (214 | ) |  |  | (214 | )
Foreign currency translation adjustments |  |  | 10,702 |  |  |  | 6,293 |  |  |  | 16,995 |
Balance at June 30, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 1,242,776 |  |  |  | 392,964 |  |  |  | 1,635,740 |
Accumulated impairment |  |  | — |  |  |  | (40,185 | ) |  |  | (40,185 | )
|  | $ | 1,242,776 |  |  | $ | 352,779 |  |  | $ | 1,595,555 |
(1) | Adjustments represent changes in deferred tax liability estimates and would have had no impact on the consolidated financial statements in prior periods had these adjustments been booked at the respective acquisition dates.
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 |  |  | As of |  |  | As of |
|  | June 30, 2016 |  |  | December 31, 2015 |  |  | June 30, 2016 |
|  | Intangible Assets |  |  | Accumulated Amortization |  |  | Intangible Assets, Net |  |  | Intangible Assets |  |  | Accumulated Amortization |  |  | Intangible Assets, Net |  |  | Remaining Weighted Average Amortization Period in Years |
Customer relationships |  | $ | 247,198 |  |  | $ | (101,744 | ) |  | $ | 145,454 |  |  | $ | 236,731 |  |  | $ | (90,840 | ) |  | $ | 145,891 |  |  |  | 9.1 |
Backlog |  |  | 133,623 |  |  |  | (131,086 | ) |  |  | 2,537 |  |  |  | 130,818 |  |  |  | (126,954 | ) |  |  | 3,864 |  |  |  | 0.8 |
Trade names |  |  | 54,547 |  |  |  | (11,313 | ) |  |  | 43,234 |  |  |  | 51,192 |  |  |  | (9,525 | ) |  |  | 41,667 |  |  |  | 18.0 |
Non-compete agreements |  |  | 29,280 |  |  |  | (24,890 | ) |  |  | 4,390 |  |  |  | 28,560 |  |  |  | (23,507 | ) |  |  | 5,053 |  |  |  | 3.3 |
Patented rights and developed technology |  |  | 22,497 |  |  |  | (14,856 | ) |  |  | 7,641 |  |  |  | 22,447 |  |  |  | (13,848 | ) |  |  | 8,599 |  |  |  | 4.5 |
Total intangible assets subject to amortization |  | $ | 487,145 |  |  | $ | (283,889 | ) |  | $ | 203,256 |  |  | $ | 469,748 |  |  | $ | (264,674 | ) |  | $ | 205,074 |  |  |  | 10.6 |
Estimated Future Aggregate Amortization Expense of Intangible Assets | The estimated future aggregate amortization expense of intangible assets subject to amortization as of June 30, 2016 is set forth below (in thousands):
For the Fiscal Year Ending December 31, |  |  |  |
Remainder of 2016 |  | $ | 15,288 |
2017 |  |  | 25,203 |
2018 |  |  | 24,394 |
2019 |  |  | 22,363 |
2020 |  |  | 21,046 |
Thereafter |  |  | 94,962 |
Total |  | $ | 203,256 |

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