Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
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
Division
     Total  

Goodwill balance at December 31, 2012

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

Goodwill acquired during 2013

     1,052        —          —           1,052   

Foreign currency translation related to goodwill

     (7,490     (1,069     —           (8,559
  

 

 

   

 

 

   

 

 

    

 

 

 

Goodwill balance at June 30, 2013

   $ 1,058,714      $ 136,634      $ 334,790       $ 1,530,138   
  

 

 

   

 

 

   

 

 

    

 

 

 
Other Intangible Assets

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

 

    As of
December 31, 2012
    Six Months  Ended
June 30, 2013
    As of
June 30, 2013
 
    Intangible
Assets
    Accumulated
Amortization
    Amortization
Expense
    Additions     Foreign
Currency
Adjustments
    Intangible
Assets, Net
    Remaining
Weighted
Average
Amortization
Period in Years
 

Customer relationships

  $ 170,465      $ (47,777   $ (5,601   $ 483      $ (1,891   $ 115,679        10.7   

Backlog

    126,057        (119,068     (1,999     393        (23     5,360        2.1   

Trade names

    32,559        (3,014     (541     —          (317     28,687        26.7   

Non-compete agreements

    27,406        (20,706     (1,173     44        (199     5,372        2.8   

Patented rights and developed technology

    20,931        (7,517     (1,066     —          (75     12,273        6.5   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total intangible assets subject to amortization

    377,418        (198,082     (10,380     920        (2,505     167,371        12.6   

Other intangible assets not subject to amortization

    4,500        —          —          —          —          4,500        N/A   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Total intangible assets

  $ 381,918      $ (198,082   $ (10,380   $ 920      $ (2,505   $ 171,871        N/A   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   
Estimated Future Aggregate Amortization Expense of Intangible Assets

The estimated future aggregate amortization expense of intangible assets as of June 30, 2013 is set forth below (in thousands):

 

For the Fiscal Year Ending December 31 —

  

Remainder of 2013

   $ 9,992   

2014

     18,209   

2015

     15,813   

2016

     14,970   

2017

     14,004   

Thereafter

     94,383   
  

 

 

 

Total

   $ 167,371