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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS: 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, 2017: |  |  |  |  |  |
Goodwill |  | $ | 1,272,527 |  |  | $ | 693,905 |  |  | $ | 1,966,432 |
Accumulated impairment |  | — |  |  | (97,832 | ) |  | (97,832 | )
|  | 1,272,527 |  |  | 596,073 |  |  | 1,868,600 |
Goodwill recorded related to 2018 acquisitions |  | 55,049 |  |  | — |  |  | 55,049 |
Purchase price allocation adjustments |  | 51 |  |  | — |  |  | 51 |
Foreign currency translation adjustments |  | (6,875 | ) |  | (4,686 | ) |  | (11,561 | )
Balance at September 30, 2018: |  |  |  |  |  |
Goodwill |  | 1,320,752 |  |  | 591,387 |  |  | 1,912,139 |
Accumulated impairment |  | — |  |  | — |  |  | — |
|  | $ | 1,320,752 |  |  | $ | 591,387 |  |  | $ | 1,912,139 |
Also, as described in Note 2, Quanta’s operating units are organized into one of Quanta’s two internal divisions, and accordingly the goodwill associated with the operating units has been aggregated on a divisional basis in the table above. These divisions are closely aligned with Quanta’s reportable segments, and operating units are assigned to a division based on the predominant type of work performed. From time to time, an operating unit may be reorganized between divisions if warranted due to changes in its predominant business. Quanta’s intangible assets and the remaining weighted average amortization periods related to Quanta’s intangible assets subject to amortization were as follows (in thousands except for weighted average amortization periods, which are in years):
|  | As of |  | As of |  | As of
|  | September 30, 2018 |  | December 31, 2017 |  | September 30, 2018
|  | Intangible Assets |  | Accumulated Amortization |  | Intangible Assets, Net |  | Intangible Assets |  | Accumulated Amortization |  | Intangible Assets, Net |  | Remaining Weighted Average Amortization Period in Years
Customer relationships |  | $ | 354,579 |  |  | $ | (158,622 | ) |  | $ | 195,957 |  |  | $ | 327,334 |  |  | $ | (137,333 | ) |  | $ | 190,001 |  |  | 6.4
Backlog |  | 137,238 |  |  | (135,657 | ) |  | 1,581 |  |  | 136,266 |  |  | (135,847 | ) |  | 419 |  |  | 0.8
Trade names |  | 81,834 |  |  | (20,591 | ) |  | 61,243 |  |  | 74,797 |  |  | (17,057 | ) |  | 57,740 |  |  | 15.6
Non-compete agreements |  | 40,267 |  |  | (29,691 | ) |  | 10,576 |  |  | 37,760 |  |  | (27,659 | ) |  | 10,101 |  |  | 3.7
Patented rights and developed technology |  | 22,516 |  |  | (18,838 | ) |  | 3,678 |  |  | 22,529 |  |  | (17,611 | ) |  | 4,918 |  |  | 2.9
Curriculum |  | 9,000 |  |  | (624 | ) |  | 8,376 |  |  | — |  |  | — |  |  | — |  |  | 9.3
Total intangible assets subject to amortization |  | 645,434 |  |  | (364,023 | ) |  | 281,411 |  |  | 598,686 |  |  | (335,507 | ) |  | 263,179 |  |  | 8.3
Engineering license |  | 3,000 |  |  | — |  |  | 3,000 |  |  | — |  |  | — |  |  | — |  |  |
Total intangible assets |  | $ | 648,434 |  |  | $ | (364,023 | ) |  | $ | 284,411 |  |  | $ | 598,686 |  |  | $ | (335,507 | ) |  | $ | 263,179 |  |  |
Amortization expense for intangible assets was $10.6 million and $9.0 million for the three months ended September 30, 2018 and 2017 and $31.5 million and $22.0 million for the nine months ended September 30, 2018 and 2017. The estimated future aggregate amortization expense of intangible assets subject to amortization as of September 30, 2018 is set forth below (in thousands):
For the Fiscal Year Ending December 31, |  |  |
Remainder of 2018 |  | $ | 12,307 |
2019 |  | 45,333 |
2020 |  | 43,172 |
2021 |  | 40,836 |
2022 |  | 37,307 |
Thereafter |  | 102,456 |
Total |  | $ | 281,411 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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