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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets  
Schedule of goodwill by reporting unit

The change in goodwill by segment for 2017 and 2016 was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power

 

Pipeline

 

Utilities

 

Civil

 

Total

 

Balance at January 1, 2016

 

$

20,731

 

$

42,252

 

$

18,312

 

$

42,866

 

$

124,161

 

Goodwill acquired during the year

 

 

3,781

 

 

 —

 

 

2,000

 

 

 —

 

 

5,781

 

Goodwill impairment

 

 

 —

 

 

 —

 

 

 —

 

 

(2,716)

 

 

(2,716)

 

Balance at December 31, 2016

 

$

24,512

 

$

42,252

 

$

20,312

 

$

40,150

 

$

127,226

 

Goodwill acquired during the year

 

 

 —

 

 

9,269

 

 

17,000

 

 

 —

 

 

26,269

 

Purchase price allocation adjustments

 

 

(121)

 

 

 —

 

 

 —

 

 

 —

 

 

(121)

 

Balance at December 31, 2017

 

$

24,391

 

$

51,521

 

$

37,312

 

$

40,150

 

$

153,374

 

 

Summary of intangible asset categories, amounts and the average amortization periods

The table below summarizes the intangible asset categories, amounts and the average amortization periods, which are generally on a straight-line basis, at December 31 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

December 31, 2016

 

 

    

Weighted Average Life

    

Gross Carrying Amount

    

Accumulated Amortization

    

Gross Carrying Amount

    

Accumulated Amortization

 

Tradename

 

9 years

 

$

32,175

 

$

(22,238)

 

$

30,485

 

$

(18,733)

 

Customer relationships

 

10 years

 

 

49,900

 

 

(16,338)

 

 

33,579

 

 

(13,439)

 

Non-compete agreements

 

5 years

 

 

1,900

 

 

(820)

 

 

2,250

 

 

(1,301)

 

Other

 

3 years

 

 

275

 

 

(54)

 

 

 —

 

 

 —

 

 

 

 

 

$

84,250

 

$

(39,450)

 

$

66,314

 

$

(33,473)

 

 

Schedule of estimated future amortization expense for intangible assets

In the second quarter of 2017, we recorded a $0.5 million impairment charge related to our tradename intangible assets. Estimated future amortization expense for intangible assets as of December 31, 2017 is as follows (in thousands):

 

 

 

 

 

 

 

 

    

Estimated

 

 

 

Intangible

 

For the Years Ending

 

Amortization

 

December 31, 

 

Expense

 

2018

 

$

9,541

 

2019

 

 

9,193

 

2020

 

 

6,442

 

2021

 

 

5,203

 

2022

 

 

4,048

 

Thereafter

 

 

10,373

 

 

 

$

44,800