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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The following table sets forth information for the Company’s goodwill and intangible assets as of the dates indicated (in millions):
| June 30, 2013 |  | December 31, 2012
Amortizing intangible assets: (1) |  |  |
Gross carrying amount | $ | 141.2 |  |  | $ | 129.4 |
Less: accumulated amortization | (67.0 | ) |  | (58.5 | )
Amortizing intangible assets, net | $ | 74.2 |  |  | $ | 70.9 |
Non-amortizing intangible assets: |  |  |
Trade names | $ | 34.9 |  |  | $ | 34.9 |
Pre-qualifications | 59.6 |  |  | 31.3 |
Non-amortizing intangible assets | $ | 94.5 |  |  | $ | 66.2 |
Goodwill | $ | 860.2 |  |  | $ | 826.1 |
Goodwill and other intangible assets | $ | 1,028.9 |  |  | $ | 963.2 |
(1)Consists principally of customer relationships, backlog, trade names and non-compete agreements with finite lives. During the second quarter of 2013, the Company acquired Big Country, an oil and gas pipeline and facility construction services company, and Data Cell, a telecommunications infrastructure company. Also during the second quarter, the Company recorded a $2.4 million opening balance sheet adjustment relating to the 2012 acquisition of BLS. In addition, the Company paid and recorded $4.7 million of post-closing purchase price adjustments relating to the 2012 acquisition of DTS during the first quarter of 2013 based on DTS's final closing tangible net worth and net working capital. The acquisition adjustments for BLS and DTS resulted in the revision of comparative financial information as of December 31, 2012. See Note 3 - Acquisitions and Other Investments. The Company recorded a $6.4 million impairment charge associated with goodwill and other intangible assets of its discontinued Globetec business during the third quarter of 2012. See Note 4 - Discontinued Operations for additional information. The following table provides a reconciliation of changes in goodwill and other intangible assets for the periods indicated (in millions):
|  |  | Other Intangible Assets |  |
| Goodwill |  | Non-amortizing |  | Amortizing |  | Total
Balance as of December 31, 2011 | $ | 714.8 |  |  | $ | 66.2 |  |  | $ | 44.5 |  |  | $ | 825.5 |
Accruals of acquisition-related contingent consideration (a) | $ | 3.5 |  |  |  |  |  |  | 3.5 |
Amortization expense |  |  |  |  | (5.7 | ) |  | (5.7 | )
Balance as of June 30, 2012 | $ | 718.3 |  |  | $ | 66.2 |  |  | $ | 38.8 |  |  | $ | 823.3 |
Balance as of December 31, 2012 | $ | 826.1 |  |  | $ | 66.2 |  |  | $ | 70.9 |  |  | $ | 963.2 |
Additions from new business combinations | 36.8 |  |  | 29.6 |  |  | 13.2 |  |  | 79.6 |
Accruals of acquisition-related contingent consideration (a) | — |  |  |  |  |  |  | — |
Amortization expense |  |  |  |  | (9.4 | ) |  | (9.4 | )
Currency translation adjustments | (2.7 | ) |  | (1.3 | ) |  | (0.5 | ) |  | (4.5 | )
Balance as of June 30, 2013 | $ | 860.2 |  |  | $ | 94.5 |  |  | $ | 74.2 |  |  | $ | 1,028.9 |
(a) | Represents contingent consideration for acquisitions prior to January 1, 2009, which is only accrued as earned, in accordance with U.S. GAAP.
The following table provides a reconciliation of changes in goodwill by reportable segment for the periods indicated (in millions):
| Communications |  | Electrical Transmission |  | Oil and Gas |  | Power Generation and Industrial |  | Total Goodwill
Balance as of December 31, 2011 | $ | 258.0 |  |  | $ | 129.5 |  |  | $ | 209.7 |  |  | $ | 117.6 |  |  | $ | 714.8 |
Accruals of acquisition-related contingent consideration (a) | — |  |  | — |  |  | 3.5 |  |  | — |  |  | 3.5 |
Balance as of June 30, 2012 | $ | 258.0 |  |  | $ | 129.5 |  |  | $ | 213.2 |  |  | $ | 117.6 |  |  | $ | 718.3 |
Balance as of December 31, 2012 | $ | 305.8 |  |  | $ | 129.5 |  |  | $ | 273.2 |  |  | $ | 117.6 |  |  | $ | 826.1 |
Additions from new business combinations | 5.4 |  |  | — |  |  | 31.4 |  |  | — |  |  | 36.8 |
Currency translation adjustments | — |  |  | — |  |  | (2.7 | ) |  | — |  |  | (2.7 | )
Balance as of June 30, 2013 | $ | 311.2 |  |  | $ | 129.5 |  |  | $ | 301.9 |  |  | $ | 117.6 |  |  | $ | 860.2 |
(a) Represents contingent consideration for acquisitions prior to January 1, 2009, which is only accrued as earned, in accordance with U.S. GAAP. See Note 16 - Segments and Operations by Geographic Area for details pertaining to the Company's reportable segments.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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