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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS: 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 below. 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. A summary of changes in Quanta’s goodwill is as follows (in thousands):
|  | Electric Power Infrastructure Services Division |  | Pipeline and Industrial 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 |  | 56,337 |  |  | — |  |  | 56,337 |
Purchase price allocation adjustments |  | 51 |  |  | — |  |  | 51 |
Foreign currency translation adjustments |  | (15,837 | ) |  | (9,272 | ) |  | (25,109 | )
Balance at December 31, 2018: |  |  |  |  |  |
Goodwill |  | 1,313,078 |  |  | 683,284 |  |  | 1,996,362 |
Accumulated impairment |  | — |  |  | (96,483 | ) |  | (96,483 | )
|  | 1,313,078 |  |  | 586,801 |  |  | 1,899,879 |
Goodwill recorded related to 2019 acquisition |  | 21,909 |  |  | — |  |  | 21,909 |
Foreign currency translation adjustments |  | 3,470 |  |  | 1,770 |  |  | 5,240 |
Balance at March 31, 2019: |  |  |  |  |  |
Goodwill |  | 1,338,457 |  |  | 685,137 |  |  | 2,023,594 |
Accumulated impairment |  | — |  |  | (96,566 | ) |  | (96,566 | )
|  | $ | 1,338,457 |  |  | $ | 588,571 |  |  | $ | 1,927,028 |
Quanta’s intangible assets and the remaining weighted average amortization periods related to its 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
|  | March 31, 2019 |  | December 31, 2018 |  | March 31, 2019
|  | Intangible Assets |  | Accumulated Amortization |  | Intangible Assets, Net |  | Intangible Assets |  | Accumulated Amortization |  | Intangible Assets, Net |  | Remaining Weighted Average Amortization Period in Years
Customer relationships |  | $ | 358,177 |  |  | $ | (172,528 | ) |  | $ | 185,649 |  |  | $ | 359,967 |  |  | $ | (165,715 | ) |  | $ | 194,252 |  |  | 5.9
Backlog |  | 136,780 |  |  | (135,348 | ) |  | 1,432 |  |  | 135,578 |  |  | (134,592 | ) |  | 986 |  |  | 0.7
Trade names |  | 82,254 |  |  | (22,916 | ) |  | 59,338 |  |  | 81,058 |  |  | (21,559 | ) |  | 59,499 |  |  | 15.2
Non-compete agreements |  | 40,797 |  |  | (29,905 | ) |  | 10,892 |  |  | 40,728 |  |  | (30,168 | ) |  | 10,560 |  |  | 3.3
Patented rights and developed technology |  | 32,017 |  |  | (24,597 | ) |  | 7,420 |  |  | 22,482 |  |  | (19,175 | ) |  | 3,307 |  |  | 2.6
Curriculum |  | 9,448 |  |  | (1,109 | ) |  | 8,339 |  |  | 9,448 |  |  | (872 | ) |  | 8,576 |  |  | 8.8
Total intangible assets subject to amortization |  | 659,473 |  |  | (386,403 | ) |  | 273,070 |  |  | 649,261 |  |  | (372,081 | ) |  | 277,180 |  |  | 7.8
Engineering license |  | 3,000 |  |  | — |  |  | 3,000 |  |  | 3,000 |  |  | — |  |  | 3,000 |  |  |
Total intangible assets |  | $ | 662,473 |  |  | $ | (386,403 | ) |  | $ | 276,070 |  |  | $ | 652,261 |  |  | $ | (372,081 | ) |  | $ | 280,180 |  |  |
Amortization expense for intangible assets was $12.7 million and $10.4 million for the three months ended March 31, 2019 and 2018. The estimated future aggregate amortization expense of intangible assets subject to amortization as of March 31, 2019 is set forth below (in thousands):
Year Ending December 31: |  |  |
Remainder of 2019 |  | $ | 36,849 |
2020 |  | 46,651 |
2021 |  | 44,131 |
2022 |  | 40,359 |
2023 |  | 32,242 |
Thereafter |  | 72,838 |
Total |  | $ | 273,070 |

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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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