Summary of changes in Quanta's goodwill |
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Electric
Power Division
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Natural Gas
and Pipeline Division
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Telecommunications Division
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Total |
|
Balance at December 31, 2009:
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Goodwill
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$ |
651,815 |
|
|
$ |
337,938 |
|
|
$ |
523,069 |
|
|
$ |
1,512,822 |
|
Accumulated impairment
|
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|
— |
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|
|
— |
|
|
|
(63,264 |
) |
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|
(63,264 |
) |
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Goodwill, net
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|
651,815 |
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|
|
337,938 |
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|
|
459,805 |
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|
1,449,558 |
|
Goodwill acquired during 2010
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|
109,365 |
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— |
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— |
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|
109,365 |
|
Foreign currency translation related to goodwill
|
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|
2,274 |
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|
— |
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|
|
— |
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|
2,274 |
|
Operating unit reorganization
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|
(22,163 |
) |
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— |
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|
22,163 |
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— |
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Purchase price adjustments related to prior periods
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|
(15 |
) |
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|
(27 |
) |
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— |
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|
(42 |
) |
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Balance at December 31, 2010:
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Goodwill
|
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|
741,276 |
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|
|
337,911 |
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|
|
545,232 |
|
|
|
1,624,419 |
|
Accumulated impairment
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|
|
— |
|
|
|
— |
|
|
|
(63,264 |
) |
|
|
(63,264 |
) |
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Goodwill, net
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|
741,276 |
|
|
|
337,911 |
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|
|
481,968 |
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|
|
1,561,155 |
|
Goodwill acquired during 2011
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|
34,900 |
|
|
|
8,858 |
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|
|
— |
|
|
|
43,758 |
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Foreign currency translation related to goodwill
|
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|
(3,564 |
) |
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|
(78 |
) |
|
|
— |
|
|
|
(3,642 |
) |
Operating unit reorganizations
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|
216,090 |
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|
(233,032 |
) |
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|
16,942 |
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|
— |
|
Purchase price adjustments related to prior periods
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|
— |
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|
|
(61 |
) |
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— |
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|
(61 |
) |
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Balance at December 31, 2011:
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Goodwill
|
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|
988,702 |
|
|
|
113,598 |
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|
|
562,174 |
|
|
|
1,664,474 |
|
Accumulated impairment
|
|
|
— |
|
|
|
— |
|
|
|
(63,264 |
) |
|
|
(63,264 |
) |
|
|
|
|
|
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|
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Goodwill, net
|
|
$ |
988,702 |
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|
$ |
113,598 |
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$ |
498,910 |
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$ |
1,601,210 |
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Other intangible assets |
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As of December 31,
2010
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Twelve Months Ended December 31,
2011
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As of December 31,
2011
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Intangible Assets
|
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Accumulated Amortization
|
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Amortization Expense
|
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|
Additions |
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|
Foreign Currency
Translation
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Intangible Assets, Net
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Remaining Weighted Average Amortization Period in Years |
|
Customer relationships
|
|
$ |
153,100 |
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|
$ |
(27,880 |
) |
|
$ |
(10,565 |
) |
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$ |
20,144 |
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|
$ |
(1,064 |
) |
|
$ |
133,735 |
|
|
|
12.0 |
|
Backlog
|
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|
108,421 |
|
|
|
(88,429 |
) |
|
|
(12,723 |
) |
|
|
13,918 |
|
|
|
(561 |
) |
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|
20,626 |
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|
|
2.3 |
|
Trade names
|
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|
27,249 |
|
|
|
(1,005 |
) |
|
|
(943 |
) |
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|
2,594 |
|
|
|
(182 |
) |
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|
27,713 |
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|
28.0 |
|
Non-compete agreements
|
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|
23,954 |
|
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|
(13,164 |
) |
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|
(4,441 |
) |
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|
3,728 |
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|
(267 |
) |
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|
9,810 |
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|
3.2 |
|
Patented rights and developed technology
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|
16,078 |
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|
|
(4,257 |
) |
|
|
(1,266 |
) |
|
|
— |
|
|
|
— |
|
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|
10,555 |
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|
8.8 |
|
Software
|
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|
— |
|
|
|
— |
|
|
|
(15 |
) |
|
|
300 |
|
|
|
— |
|
|
|
285 |
|
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|
4.8 |
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|
Total intangible assets subject to amortization
|
|
|
328,802 |
|
|
|
(134,735 |
) |
|
|
(29,953 |
) |
|
|
40,684 |
|
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|
(2,074 |
) |
|
|
202,724 |
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|
12.6 |
|
Other intangible assets not subject to amortization
|
|
|
— |
|
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|
— |
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|
|
— |
|
|
|
4,500 |
|
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|
— |
|
|
|
4,500 |
|
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|
N/A |
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|
Total intangible assets
|
|
$ |
328,802 |
|
|
$ |
(134,735 |
) |
|
$ |
(29,953 |
) |
|
$ |
45,184 |
|
|
$ |
(2,074 |
) |
|
$ |
207,224 |
|
|
|
N/A |
|
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