XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in 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, 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 |
Other Intangible Assets | 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 |  |  |
Estimated Future Aggregate Amortization Expense of Intangible Assets | 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 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration