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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2021
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 Solutions Division |  | Underground Utility and Infrastructure Solutions Division |  | Total
Balance at December 31, 2019: |  |  |  |  |  |
Goodwill |  | $ | 1,365,163 |  |  | $ | 753,938 |  |  | $ | 2,119,101 |
Accumulated impairment |  | — |  |  | (96,426) |  |  | (96,426) |
|  | 1,365,163 |  | 657,512 |  | 2,022,675
Goodwill related to acquisitions completed in 2020 |  | 79,889 |  |  | 6,308 |  |  | 86,197 |
Purchase price allocation adjustments |  | 1,730 |  |  | 19 |  |  | 1,749 |
Foreign currency translation adjustments |  | 2,992 |  |  | 7,401 |  |  | 10,393 |
Balance at December 31, 2020: |  |  |  |  |  |
Goodwill |  | 1,449,774 |  |  | 768,868 |  |  | 2,218,642 |
Accumulated impairment |  | — |  |  | (97,628) |  |  | (97,628) |
|  | 1,449,774 |  |  | 671,240 |  |  | 2,121,014 |
Goodwill related to acquisitions completed in 2021 |  | 1,780 |  |  | — |  |  | 1,780 |
Purchase price allocation adjustments |  | (1,264) |  |  | — |  |  | (1,264) |
Foreign currency translation adjustments |  | 2,239 |  |  | 320 |  |  | 2,559 |
Balance at March 31, 2021: |  |  |  |  |  |
Goodwill |  | 1,452,529 |  |  | 769,017 |  |  | 2,221,546 |
Accumulated impairment |  | — |  |  | (97,457) |  |  | (97,457) |
|  | $ | 1,452,529 |  |  | $ | 671,560 |  |  | $ | 2,124,089 |
Other Intangible Assets | 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
|  | March 31, 2021 |  | December 31, 2020
|  | Remaining Weighted Average Amortization Period in Years |  | Intangible Assets |  | Accumulated Amortization |  | Intangible Assets, Net |  | Intangible Assets |  | Accumulated Amortization |  | Intangible Assets, Net
Customer relationships |  | 5.4 |  | $ | 618,035 |  |  | $ | (295,700) |  |  | $ | 322,335 |  |  | $ | 616,875 |  |  | $ | (277,647) |  |  | $ | 339,228 |
Backlog |  | 1.1 |  | 150,096 |  |  | (146,852) |  |  | 3,244 |  |  | 149,769 |  |  | (145,476) |  |  | 4,293 |
Trade names |  | 13.6 |  | 101,711 |  |  | (33,960) |  |  | 67,751 |  |  | 101,533 |  |  | (32,471) |  |  | 69,062 |
Non-compete agreements |  | 3.0 |  | 47,537 |  |  | (38,105) |  |  | 9,432 |  |  | 47,333 |  |  | (36,973) |  |  | 10,360 |
Patented rights and developed technology |  | 3.3 |  | 22,496 |  |  | (21,940) |  |  | 556 |  |  | 22,486 |  |  | (21,894) |  |  | 592 |
Curriculum |  | 7.1 |  | 12,233 |  |  | (3,429) |  |  | 8,804 |  |  | 12,233 |  |  | (3,113) |  |  | 9,120 |
Total intangible assets subject to amortization |  | 6.7 |  | 952,108 |  |  | (539,986) |  |  | 412,122 |  |  | 950,229 |  |  | (517,574) |  |  | 432,655 |
Engineering license |  |  |  | 3,000 |  |  | — |  |  | 3,000 |  |  | 3,000 |  |  | — |  |  | 3,000 |
Total intangible assets |  |  |  | $ | 955,108 |  |  | $ | (539,986) |  |  | $ | 415,122 |  |  | $ | 953,229 |  |  | $ | (517,574) |  |  | $ | 435,655 |
Estimated Future Aggregate Amortization Expense of Intangible Assets | The estimated future aggregate amortization expense of intangible assets subject to amortization as of March 31, 2021 is set forth below (in thousands):
Year Ending December 31: |  |
Remainder of 2021 |  | $ | 63,453 |
2022 |  | 77,104 |
2023 |  | 68,280 |
2024 |  | 55,249 |
2025 |  | 43,634 |
Thereafter |  | 104,402 |
Total |  | $ | 412,122 |

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