XML 37 R25.htm IDEA: XBRL DOCUMENT v3.22.1

Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets are comprised of the following:     

(in thousands)			Gross carrying amount						Accumulated amortization						Net intangible assets, excluding goodwill
March 31, 2022
Amortized intangible assets:
Customer relationships – GCR – Jake Marshall			$	570					$	(27)					$	543
Customer relationships – ODR – Jake Marshall			3,050						(134)						2,916
Customer relationships – ODR – Limbach			4,710						(3,555)						1,155
Favorable leasehold interests – Limbach			190						(86)						104
Backlog – GCR – Jake Marshall			260						(55)						205
Backlog – ODR – Jake Marshall			680						(143)						537
Trade name – Jake Marshall			1,150						(62)						1,088
Total amortized intangible assets			10,610						(4,062)						6,548
Unamortized intangible assets:
Trade name – Limbach(1)			9,960						—						9,960
Total unamortized intangible assets			9,960						—						9,960
Total amortized and unamortized assets, excluding goodwill			$	20,570					$	(4,062)					$	16,508

(1)    The Company has determined that its trade name has an indefinite useful life. The Limbach trade name has been in existence since the Company’s founding in 1901 and therefore is an established brand within the industry.

(in thousands)			Gross carrying amount						Accumulated amortization						Net intangible assets, excluding goodwill
December 31, 2021
Amortized intangible assets:
Customer relationships – GCR – Jake Marshall			$	570					$	(6)					$	564
Customer relationships – ODR – Jake Marshall			3,050						(35)						3,015
Customer relationships – ODR – Limbach			4,710						(3,475)						1,235
Favorable leasehold interests – Limbach			190						(82)						108
Backlog – GCR – Jake Marshall			260						(14)						246
Backlog – ODR – Jake Marshall			680						(36)						644
Trade name – Jake Marshall			1,150						(15)						1,135
Total amortized intangible assets			10,610						(3,663)						6,947
Unamortized intangible assets:
Trade name – Limbach			9,960						—						9,960
Total unamortized intangible assets			9,960						—						9,960
Total amortized and unamortized assets, excluding goodwill			$	20,570					$	(3,663)					$	16,907

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

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Name:	us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration