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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following at December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

2018

 

 

Gross

 

 

 

 

Net

 

Gross

 

 

 

 

Net

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

(in thousands)

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

T&D

 

$

40,224

 

$

 —

 

$

40,224

 

$

40,224

 

$

 —

 

$

40,224

C&I

 

 

25,836

 

 

 —

 

 

25,836

 

 

16,364

 

 

 —

 

 

16,364

Total goodwill

 

$

66,060

 

$

 —

 

$

66,060

 

$

56,588

 

$

 —

 

$

56,588

Amortizable Intangible Assets

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Backlog

 

$

5,289

 

$

4,039

 

$

1,250

 

$

2,789

 

$

1,889

 

$

900

Customer relationships

 

 

31,381

 

 

6,623

 

 

24,758

 

 

17,280

 

 

4,970

 

 

12,310

Trade names

 

 

695

 

 

218

 

 

477

 

 

695

 

 

172

 

 

523

Indefinite-lived Intangible Assets

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Trade names

 

 

28,455

 

 

 —

 

 

28,455

 

 

19,533

 

 

 —

 

 

19,533

Total intangible assets

 

$

65,820

 

$

10,880

 

$

54,940

 

$

40,297

 

$

7,031

 

$

33,266

 

Schedule of estimated future intangible asset amortization expense

As of December 31, 2019, estimated future intangible asset amortization expense for the each of the next five years and thereafter was as follows:

 

 

 

 

 

 

    

Future

 

 

Amortization

(in thousands)

 

Expense

2020

 

$

3,587

2021

 

 

2,312

2022

 

 

2,312

2023

 

 

2,312

2024

 

 

2,312

Thereafter

 

 

13,650

Total

 

$

26,485