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Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2011

(8) Goodwill and Intangible Assets

Changes in goodwill for the nine months ended September 30, 2011 are as follows (in thousands):

	Supply Chain Management		IT, Energy and Management Consulting		Infrastructure		Total
Balance as of December 31, 2010	$	-	$	29,769	$	6,513	$	36,282
Increase from acquisition of WBI		55,703		-		-		55,703
Earn-out obligation		-		1,114		-		1,114
Balance as of September 30, 2011	$	55,703	$	30,883	$	6,513	$	93,099

Under the terms of the ICRC and G&B acquisitions, additional consideration is due to the sellers if certain financial performance targets are achieved. G&B achieved certain financial performance targets for the final earn-out period ended on March 31, 2011. This resulted in a $1.1 million earn-out, which was recorded as goodwill and paid to the seller in the second quarter of 2011.

Intangible assets consist of the value of contract-related intangible assets, acquired technologies and trade names acquired in the acquisitions of ICRC, G&B, Akimeka and WBI. Intangible assets with indefinite lives not subject to amortization consist of ICRC and G&B trade names of approximately $2.4 million as of September 30, 2011 and December 31, 2010. The trade names acquired in the Akimeka and WBI acquisitions are being amortized over nine years.

Intangible assets consisted of the following (in thousands):

September 30, 2011	Cost		Accumulated Amortization			Net Intangible Assets
Contract-related	$	96,884	$	(10,722	)	$	86,162
Acquired technologies		12,400		(360	)		12,040
Trade names – amortizable		9,170		(465	)		8,705
Trade names – indefinite lived		2,430		-			2,430
Total	$	120,884	$	(11,547	)	$	109,337

December 31, 2010	Cost		Accumulated Amortization			Net Intangible Assets
Contract-related	$	27,484	$	(6,417	)	$	21,067
Trade name – amortizable		1,570		(64	)		1,506
Trade names – indefinite lived		2,430		-			2,430
Total	$	31,484	$	(6,481	)	$	25,003