XML 32 R13.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets Goodwill and intangible assets consisted of the following at December 31:
|  | 2018 |  |  | 2017 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
T&D |  | $ | 40,224 |  |  | $ | — |  |  | $ | 40,224 |  |  | $ | 40,224 |  |  | $ | — |  |  | $ | 40,224 |
C&I |  |  | 16,364 |  |  |  | — |  |  |  | 16,364 |  |  |  | 6,770 |  |  |  | — |  |  |  | 6,770 |
Total goodwill |  | $ | 56,588 |  |  | $ | — |  |  | $ | 56,588 |  |  | $ | 46,994 |  |  | $ | — |  |  | $ | 46,994 |
Amortizable Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Backlog |  | $ | 2,789 |  |  | $ | 1,889 |  |  | $ | 900 |  |  | $ | 989 |  |  | $ | 989 |  |  | $ | — |
Customer relationships |  |  | 17,280 |  |  |  | 4,970 |  |  |  | 12,310 |  |  |  | 5,277 |  |  |  | 4,069 |  |  |  | 1,208 |
Trade names |  |  | 695 |  |  |  | 172 |  |  |  | 523 |  |  |  | 695 |  |  |  | 125 |  |  |  | 570 |
Indefinite-lived Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 19,533 |  |  |  | — |  |  |  | 19,533 |  |  |  | 9,074 |  |  |  | — |  |  |  | 9,074 |
Total Intangible assets |  | $ | 40,297 |  |  | $ | 7,031 |  |  | $ | 33,266 |  |  | $ | 16,035 |  |  | $ | 5,183 |  |  | $ | 10,852 |
The increase in goodwill as of December 31, 2018 compared to December 31, 2017 was due to the allocation of $9.6 million of goodwill related to the acquisition of the Huen Companies identified during the ongoing analysis of the purchase accounting. The increase in intangible assets also related to the acquisition of the Huen Companies and are being amortized on a straight-line basis over periods ranging up to 12 years. Additional financial information related to this acquisition is provided in Note 2 — Acquisitions to the Financial Statements. Immaterial foreign currency translation adjustments related to goodwill and intangible assets are netted with the amounts indicated above. Customer relationships and backlog are being amortized on a straight-line method over an estimated useful life ranging up to 12 years and the remaining life of the contract, respectively, and have been determined to have no residual value. Amortizable trade names are being amortized on a straight-line basis over an estimated useful life of approximately 15 years. Certain trade names have indefinite lives and, therefore, are not being amortized. Intangible asset amortization expense was $1.8 million, $0.5 million and $0.9 million for the years ended December 31, 2018, 2017 and 2016, respectively. As of December 31, 2018, estimated future intangible asset amortization expense for the each of the next five years and thereafter was as follows:
(In thousands) |  | Future Amortization Expense |
2019 |  | $ | 2,037 |
2020 |  |  | 1,137 |
2021 |  |  | 1,137 |
2022 |  |  | 1,137 |
2023 |  |  | 1,137 |
Thereafter |  |  | 7,148 |
Total |  | $ | 13,733 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration