Quanta Services, Inc. Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

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


	Electric Power Division		Oil and Gas Infrastructure Division		Fiber Optic Licensing Division		Total
Goodwill balance at December 31, 2013	$	1,168,084	$	277,843	$	334,790	$	1,780,717
Goodwill acquired during 2014		50,788		7,556		—		58,344
Foreign currency translation related to goodwill		1,111		2,817		—		3,928

Goodwill balance at June 30, 2014	$	1,219,983	$	288,216	$	334,790	$	1,842,989

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


	As of December 31, 2013					Six Months Ended June 30, 2014							As of June 30, 2014
	Intangible Assets		Accumulated Amortization			Amortization Expense			Additions		Foreign Currency Adjustments		Intangible Assets, Net		Remaining Weighted Average Amortization Period in Years
Customer relationships	$	199,224	$	(59,417	)	$	(7,413	)	$	13,322	$	402	$	146,118		10.4
Backlog		136,831		(127,233	)		(6,134	)		5,855		65		9,384		0.9
Trade names		40,342		(4,228	)		(957	)		2,044		172		37,373		22.5
Non-compete agreements		28,895		(22,861	)		(1,315	)		743		6		5,468		3.1
Patented rights and developed technology		21,440		(9,616	)		(1,041	)		404		9		11,196		4.9

Total intangible assets subject to amortization		426,732		(223,355	)		(16,860	)		22,368		654		209,539		11.7
Other intangible assets not subject to amortization		4,500		—			—			—		—		4,500		N/A

Total intangible assets	$	431,232	$	(223,355	)	$	(16,860	)	$	22,368	$	654	$	214,039		N/A

The estimated future aggregate amortization expense of intangible assets as of June 30, 2014 is set forth below (in thousands):


For the Fiscal Year Ending December 31,
Remainder of 2014	$	16,937
2015		22,160
2016		20,729
2017		19,257
2018		18,980
Thereafter		111,476

Total	$	209,539