Goodwill and Intangible Assets (Tables)

3 Months Ended

Oct. 25, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill

The Company's goodwill balance was $269.5 million and $269.1 million as of October 25, 2014 and July 26, 2014, respectively. The increase in goodwill during fiscal 2015 is a result of preliminary purchase price allocation adjustments associated with businesses acquired during the fourth quarter of fiscal 2014, including the final working capital adjustment. Changes in the carrying amount of goodwill for fiscal 2015 are as follows:



	Goodwill		Accumulated Impairment Losses			Total
	(Dollars in thousands)
Balance as of July 26, 2014	$	464,855	$	(195,767	)	$	269,088
Purchase price allocation adjustments	377		—			377
Balance as of October 25, 2014	$	465,232	$	(195,767	)	$	269,465

Schedule of Intangible Assets

The Company's intangible assets consist of the following:



	October 25, 2014		July 26, 2014
	(Dollars in thousands)
Carrying amount:
Customer relationships	$	179,391	$	173,594
Contract backlog	13,546		15,285
Trade names	8,200		8,200
UtiliQuest trade name	4,700		4,700
Non-compete agreements	400		400
	206,237		202,179
Accumulated amortization:
Customer relationships	72,483		69,048
Contract backlog	12,063		13,490
Trade names	3,683		3,361
Non-compete agreements	184		164
	88,413		86,063
Net Intangible Assets	$	117,824	$	116,116

Future Amortization Expense

Estimated total amortization expense for the remainder of fiscal 2015 and each of the five succeeding fiscal years and thereafter is as follows:



Period		Amount
		(Dollars in thousands)
Nine months ending July 25, 2015		$12,317
2016		$15,782
2017		$14,308
2018		$12,148
2019		$9,757
2020		$8,842
Thereafter		$39,970
Total		$113,124