Goodwill and Intangible Assets

8 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

7.	GOODWILL AND INTANGIBLE ASSETS

The following tables show the activity and balances related to goodwill from April 30, 2012 through December 31, 2014:


	April 30, 2014		Acquisitions		December 31, 2014
Eastern region	$	17,429	$	—	$	17,429
Western region		87,666		31		87,697
Recycling		12,315		—		12,315
Other		1,729		—		1,729

Total	$	119,139	$	31	$	119,170


	April 30, 2013		Acquisitions		Other (1)			April 30, 2014
Eastern region	$	16,858	$	539	$	32		$	17,429
Western region		86,880		790		(4	)		87,666
Recycling		12,190		125		—			12,315
Other		—		1,729		—			1,729

Total	$	115,928	$	3,183	$	28		$	119,139


	April 30, 2012		Acquisitions		Other (2)			April 30, 2013
Eastern region	$	58	$	12,939	$	3,861		$	16,858
Western region		89,458		1,283		(3,861	)		86,880
Recycling		12,190		—		—			12,190

Total	$	101,706	$	14,222	$	—		$	115,928

(1)	Goodwill adjustments related to acquisition activity, including the finalization of the deferred tax liability associated with the December 5, 2012 BBI acquisition.

(2)	Goodwill reclassification between the Eastern and Western regions associated with the realignment of certain operations between the reporting units during fiscal year 2013.

Intangible assets as of December 31, 2014, April 30, 2014 and April 30, 2013 consist of the following:


	Covenants Not-to-Compete			Client Lists			Total
Balance, December 31, 2014
Intangible assets	$	17,296		$	16,071		$	33,367
Less accumulated amortization		(15,730	)		(5,829	)		(21,559	)

	$	1,566		$	10,242		$	11,808


	Covenants Not-to-Compete			Client Lists			Total
Balance, April 30, 2014
Intangible assets	$	17,245		$	15,760		$	33,005
Less accumulated amortization		(15,363	)		(4,222	)		(19,585	)

	$	1,882		$	11,538		$	13,420


	Covenants Not-to-Compete			Client Lists			Total
Balance, April 30, 2013
Intangible assets	$	17,043		$	11,660		$	28,703
Less accumulated amortization		(14,800	)		(2,229	)		(17,029	)

	$	2,243		$	9,431		$	11,674

Intangible amortization expense for transition period 2014, fiscal year 2014, fiscal year 2013 and fiscal year 2012 was $1,974, $2,556, $1,306 and $629, respectively.

The intangible amortization expense estimated for the five fiscal years following transition period 2014 and thereafter is as follows:


Estimated Future Amortization Expense as of December 31, 2014:
For the fiscal year ending December 31, 2015	$	2,569
For the fiscal year ending December 31, 2016	$	2,045
For the fiscal year ending December 31, 2017	$	1,783
For the fiscal year ending December 31, 2018	$	1,582
For the fiscal year ending December 31, 2019	$	1,214
Thereafter	$	2,615

- 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.

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