Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v2.4.0.6
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Changes in Quanta's Goodwill

A summary of changes in Quanta’s goodwill is as follows (in thousands):

 

    Electric Power
Division
    Natural Gas and
Pipeline
Division
    Fiber Optic
Licensing  and
Other Division
    Total  

Balance at December 31, 2010:

       

Goodwill

  $ 741,276      $ 320,969      $ 368,511      $ 1,430,756   

Goodwill acquired during 2011

    34,900        8,858               43,758   

Foreign currency translation related to goodwill

    (3,564     (78            (3,642

Operating unit reorganization

    216,090        (216,090              

Purchase price adjustments related to prior periods

           (61            (61
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011:

       

Goodwill

    988,702        113,598        368,511        1,470,811   

Goodwill acquired during 2012

    57,451        7,328               64,779   

Foreign currency translation related to goodwill

    2,087        (32            2,055   

Operating unit reorganizations

    16,912        16,809        (33,721       
 

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012:

       

Goodwill

  $ 1,065,152      $ 137,703      $ 334,790      $ 1,537,645   
 

 

 

   

 

 

   

 

 

   

 

 

 
Other Intangible Assets

Activity in Quanta’s intangible assets consists of the following (in thousands):

 

    As of
December 31, 2011
    Twelve Months Ended
December 31, 2012
    As of
December 31, 2012
 
    Intangible
Assets
    Accumulated
Amortization
    Amortization
Expense
    Additions     Foreign
Currency
Translation
    Intangible
Assets, Net
    Remaining
Weighted
Average
Amortization
Period
 

Customer relationships

  $ 164,259      $ (36,300   $ (11,180   $ 5,311      $ 598      $ 122,688        11.2   

Backlog

    120,682        (100,056     (18,944     4,906        401        6,989        2.1   

Trade names

    29,661        (1,948     (1,064     2,768        128        29,545        27.2   

Non-compete agreements

    25,392        (16,154     (4,523     1,926        59        6,700        3.2   

Patented rights and developed technology

    16,378        (5,538     (1,980     4,561        (7     13,414        6.8   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total intangible assets subject to amortization

    356,372        (159,996     (37,691     19,472        1,179        179,336        12.9   

Other intangible assets not subject to amortization

    4,500                                    4,500        N/A   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total intangible assets

  $ 360,872      $ (159,996   $ (37,691   $ 19,472      $ 1,179      $ 183,836        N/A   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   
Estimated Future Aggregate Amortization Expense of Intangible Assets

The estimated future aggregate amortization expense of intangible assets as of December 31, 2012 is set forth below (in thousands):

 

For the Fiscal Year Ending December 31,       

2013

   $ 20,197   

2014

     18,340   

2015

     15,994   

2016

     15,122   

2017

     14,132   

Thereafter

     95,551   
  

 

 

 

Total

   $ 179,336