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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets  
Schedule of goodwill by reporting unit

The change in goodwill by segment for 2018 and 2017 was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Power

 

Pipeline

 

Utilities

 

Transmission

 

Civil

 

Total

 

Balance at January 1, 2017

 

$

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 January 1, 2018

 

$

24,391

 

$

51,521

 

$

37,312

 

$

 —

 

$

40,150

 

$

153,374

 

Goodwill acquired during the year

 

 

1,542

 

 

764

 

 

 —

 

 

50,479

 

 

 —

 

 

52,785

 

Balance at December 31, 2018

 

$

25,933

 

$

52,285

 

$

37,312

 

$

50,479

 

$

40,150

 

$

206,159

 

 

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 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

December 31, 2017

 

 

    

Weighted
Average Life

    

Gross Carrying
Amount

    

Accumulated
Amortization

    

Intangible assets, net

    

Gross Carrying
Amount

    

Accumulated
Amortization

    

Intangible assets, net

 

Tradename

 

9 years

 

$

31,390

 

$

(25,156)

 

$

6,234

 

$

32,175

 

$

(22,238)

 

$

9,937

 

Customer relationships

 

16 years

 

 

97,400

 

 

(23,079)

 

 

74,321

 

 

49,900

 

 

(16,338)

 

 

33,562

 

Non-compete agreements

 

5 years

 

 

1,900

 

 

(1,387)

 

 

513

 

 

1,900

 

 

(820)

 

 

1,080

 

Other

 

3 years

 

 

275

 

 

(145)

 

 

130

 

 

275

 

 

(54)

 

 

221

 

Total

 

15 years

 

$

130,965

 

$

(49,767)

 

$

81,198

 

$

84,250

 

$

(39,450)

 

$

44,800

 

 

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 a tradename intangible asset in our Pipeline segment.  The impairment charge is included in “Selling, general and administrative expenses” in the Consolidated Statements of Income. Estimated future amortization expense for intangible assets as of December 31, 2018 is as follows (in thousands):

 

 

 

 

 

 

 

 

Estimated

 

 

 

Intangible

 

 

 

Amortization

 

For the Years Ending December 31, 

    

Expense

 

2019

 

$

11,559

 

2020

 

 

8,814

 

2021

 

 

7,577

 

2022

 

 

6,416

 

2023

 

 

5,394

 

Thereafter

 

 

41,438

 

 

 

$

81,198