|
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 |
|
|
|
|
|
|
|