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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 11. Goodwill and Other Intangible Assets Goodwill The changes in the carrying amount of goodwill by reporting unit are as follows (in thousands):
|  | Construction |  | Marine Services |  | Telecom |  | Energy |  | Insurance |  | Life Sciences |  | Other |  | Total
Balance at December 31, 2014 |  | $ | 24,612 |  |  | $ | 1,176 |  |  | $ | 3,378 |  |  | $ | 1,374 |  |  | $ | — |  |  | — |  |  | $ | — |  |  | $ | 30,540 |
Reclassification |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,781 |  |  | 1,781 |
Acquisitions |  | (122 | ) |  | 554 |  |  | — |  |  | — |  |  | 29,021 |  |  | — |  |  | — |  |  | 29,453 |
Impairments |  | — |  |  | (540 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (540 | )
Effect of translation |  | — |  |  | (56 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (56 | )
Balance at December 31, 2015 |  | 24,490 |  |  | 1,134 |  |  | 3,378 |  |  | 1,374 |  |  | 29,021 |  |  | — |  |  | 1,781 |  |  | 61,178 |
Reclassification |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14 |  |  | 14 |
Acquisitions |  | 11,827 |  |  | 1,334 |  |  | — |  |  | 1,257 |  |  | 18,269 |  |  | 3,620 |  |  | 587 |  |  | 36,894 |
Balance at December 31, 2016 |  | $ | 36,317 |  |  | $ | 2,468 |  |  | $ | 3,378 |  |  | $ | 2,631 |  |  | $ | 47,290 |  |  | $ | 3,620 |  |  | $ | 2,382 |  |  | $ | 98,086 |
Indefinite-lived Intangible Assets The acquisition of the Insurance Companies resulted in state licenses which are considered indefinite-lived intangible assets not subject to amortization of $2.5 million and $4.9 million as of December 31, 2016 and 2015, respectively. The Insurance Companies filed applications with the ODOI and the TDOI to redomesticate CGI from Ohio to Texas. In conjunction with the redomestication, the Insurance Companies filed a request with the TDOI to merge the two companies (with CGI as the surviving entity), which was approved as of December 31, 2016. As a result of the merger the Company recorded a $2.4 million impairment to the state licenses. The impairment is included within Asset impairment expense in the Consolidated Statement of Operations. In addition, the consolidation of BeneVir in 2016 resulted in the recording of an in-process research and development intangible asset not subject to amortization valued at $6.4 million. Definite Lived Intangible Assets The changes in the carrying amount of amortizable intangible assets by reporting unit are as follows (in thousands):
|  | Construction |  | Marine Services |  | Energy |  | Life Sciences |  | Other |  | Corporate |  | Total
Trade names |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2014 |  | $ | 4,304 |  |  | $ | 997 |  |  | $ | 6,037 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11,338 |
Periodic Amortization |  | (299 | ) |  | (345 | ) |  | (630 | ) |  | — |  |  | — |  |  | — |  |  | (1,274 | )
Effect of Translation |  | — |  |  | (51 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (51 | )
Balance at December 31, 2015 |  | $ | 4,005 |  |  | $ | 601 |  |  | $ | 5,407 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10,013 |
Acquisitions |  | 508 |  |  | 690 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,198 |
Periodic Amortization |  | (297 | ) |  | (378 | ) |  | (630 | ) |  | — |  |  | — |  |  | — |  |  | (1,305 | )
Effect of Translation |  | — |  |  | (15 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (15 | )
Balance at December 31, 2016 |  | $ | 4,216 |  |  | $ | 898 |  |  | $ | 4,777 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9,891 |
Customer relationships |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2014 |  | $ | — |  |  | $ | 7,639 |  |  | $ | 4,881 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | 12,520 |
Periodic Amortization |  | — |  |  | (494 | ) |  | (437 | ) |  | — |  |  | — |  |  | — |  |  | (931 | )
Effect of Translation |  | — |  |  | (351 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (351 | )
Balance at December 31, 2015 |  | $ | — |  |  | $ | 6,794 |  |  | $ | 4,444 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 11,238 |
Acquisitions |  | 3,447 |  |  | — |  |  | 4,984 |  |  | — |  |  | — |  |  | — |  |  | 8,431 |
Periodic Amortization |  | — |  |  | (450 | ) |  | (539 | ) |  | — |  |  | — |  |  | — |  |  | (989 | )
Effect of Translation |  | (9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9 | )
Balance at December 31, 2016 |  | $ | 3,438 |  |  | $ | 6,344 |  |  | $ | 8,889 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 18,671 |
Developed technology |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2014 |  | $ | — |  |  | $ | 1,164 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,164 |
Reclassification |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,195 |  |  | — |  |  | 4,195 |
Periodic Amortization |  | — |  |  | (296 | ) |  | — |  |  | — |  |  | (1,916 | ) |  | — |  |  | (2,212 | )
Effect of Translation |  | — |  |  | (58 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (58 | )
Balance at December 31, 2015 |  | $ | — |  |  | $ | 810 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,279 |  |  | $ | — |  |  | $ | 3,089 |
Periodic Amortization |  | — |  |  | (271 | ) |  | — |  |  | — |  |  | (1,276 | ) |  | — |  |  | (1,547 | )
Balance at December 31, 2016 |  | $ | — |  |  | $ | 539 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,003 |  |  | $ | — |  |  | $ | 1,542 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2014 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 114 |  |  | $ | 6,000 |  |  | $ | 22 |  |  | $ | 6,136 |
Reclassification |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,000 | ) |  | — |  |  | (6,000 | )
Acquisition |  | — |  |  | — |  |  | 20 |  |  | 65 |  |  | — |  |  | — |  |  | 85 |
Periodic Amortization |  | — |  |  | — |  |  | — |  |  | (2 | ) |  | — |  |  | — |  |  | (2 | )
Balance at December 31, 2015 |  | $ | — |  |  | $ | — |  |  | $ | 20 |  |  | $ | 177 |  |  | $ | — |  |  | $ | 22 |  |  | $ | 219 |
Acquisitions |  | 447 |  |  | — |  |  | 71 |  |  | 47 |  |  | — |  |  | — |  |  | 565 |
Periodic Amortization |  | — |  |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | ) |  | (8 | )
Balance at December 31, 2016 |  | $ | 447 |  |  | $ | — |  |  | $ | 91 |  |  | $ | 220 |  |  | $ | — |  |  | $ | 18 |  |  | $ | 776 |
Total Amortizable Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2014 |  | $ | 4,304 |  |  | $ | 9,800 |  |  | $ | 10,918 |  |  | $ | 114 |  |  | $ | 6,000 |  |  | $ | 22 |  |  | $ | 31,158 |
Reclassification |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,805 | ) |  | — |  |  | (1,805 | )
Acquisitions |  | — |  |  | — |  |  | 20 |  |  | 65 |  |  | — |  |  | — |  |  | 85 |
Periodic Amortization |  | (299 | ) |  | (1,135 | ) |  | (1,067 | ) |  | (2 | ) |  | (1,916 | ) |  | — |  |  | (4,419 | )
Effect of Translation |  | — |  |  | (460 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (460 | )
Balance at December 31, 2015 |  | 4,005 |  |  | 8,205 |  |  | 9,871 |  |  | 177 |  |  | 2,279 |  |  | 22 |  |  | 24,559 |
Acquisitions |  | 4,402 |  |  | 690 |  |  | 5,055 |  |  | 47 |  |  | — |  |  | — |  |  | 10,194 |
Periodic Amortization |  | (297 | ) |  | (1,099 | ) |  | (1,169 | ) |  | (4 | ) |  | (1,276 | ) |  | (4 | ) |  | (3,849 | )
Effect of Translation |  | (9 | ) |  | (15 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (24 | )
Balance at December 31, 2016 |  | $ | 8,101 |  |  | $ | 7,781 |  |  | $ | 13,757 |  |  | $ | 220 |  |  | $ | 1,003 |  |  | $ | 18 |  |  | $ | 30,880 |
Amortization expense for amortizable intangible assets for the years ended December 31, 2016, 2015 and 2014 was $3.8 million, $4.4 million and $0.9 million, respectively. The Value of Business Acquired VOBA is amortized in relation to the projected future premium of the acquired long-term care blocks of business and recorded amortization increases net income for the respective period. Total negative amortization recorded for the years ended December 31, 2016 and 2015 was $3.9 million and $0.1 million, respectively. Future Amortization Excluding the impact of any future acquisitions or change in foreign currency, the Company estimates that annual amortization expense of amortizable intangible assets and VOBA for the next five fiscal years will be as follows:
|  | Intangibles |  | VOBA
2017 |  | $ | 5,206 |  |  | $ | (2,535 | )
2018 |  | 3,306 |  |  | (2,595 | )
2019 |  | 3,010 |  |  | (2,581 | )
2020 |  | 2,883 |  |  | (2,681 | )
2021 |  | 2,694 |  |  | (2,666 | )
Thereafter |  | 13,781 |  |  | (34,555 | )
Total |  | $ | 30,880 |  |  | $ | (47,613 | )

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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