Goodwill and Other Intangible Assets (Tables)
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3 Months Ended |
Mar. 31, 2012
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Goodwill and Other Intangible Assets [Abstract] |
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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 |
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Balance at December 31, 2011:
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Goodwill
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$ |
988,702 |
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$ |
113,598 |
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$ |
562,174 |
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$ |
1,664,474 |
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Accumulated impairment
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— |
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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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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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Goodwill acquired during 2012
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34,968 |
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7,328 |
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— |
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42,296 |
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Foreign currency translation related to goodwill
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2,939 |
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178 |
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— |
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3,117 |
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Balance at March 31, 2012
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Goodwill
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1,026,609 |
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121,104 |
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562,174 |
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1,709,887 |
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Accumulated impairment
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— |
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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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$ |
1,026,609 |
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$ |
121,104 |
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$ |
498,910 |
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$ |
1,646,623 |
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Other intangible assets |
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As of December 31,
2011
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Three Months Ended March 31,
2012
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As of March 31,
2012
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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
Adjustments
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Intangible Assets, Net
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Remaining Weighted Average Amortization Period in Years |
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Customer relationships
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$ |
171,893 |
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$ |
(38,158 |
) |
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$ |
(2,888 |
) |
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$ |
2,851 |
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$ |
617 |
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$ |
134,315 |
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11.8 |
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Backlog
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121,779 |
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(101,153 |
) |
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(3,876 |
) |
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1,866 |
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421 |
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19,037 |
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1.6 |
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Trade names
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29,661 |
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(1,948 |
) |
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(256 |
) |
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958 |
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127 |
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28,542 |
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27.9 |
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Non-compete agreements
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27,414 |
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(17,604 |
) |
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(1,891 |
) |
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1,346 |
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104 |
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9,369 |
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3.4 |
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Patented rights and developed technology
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16,378 |
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(5,538 |
) |
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(483 |
) |
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3,020 |
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— |
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13,377 |
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7.3 |
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Total intangible assets subject to amortization
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367,125 |
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(164,401 |
) |
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(9,394 |
) |
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10,041 |
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1,269 |
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204,640 |
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12.4 |
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Other intangible assets not subject to amortization
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4,500 |
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— |
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— |
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— |
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— |
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4,500 |
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N/A |
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Total intangible assets
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$ |
371,625 |
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$ |
(164,401 |
) |
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$ |
(9,394 |
) |
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$ |
10,041 |
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$ |
1,269 |
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$ |
209,140 |
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N/A |
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Estimated future aggregate amortization expense of intangible assets |
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For the Fiscal Year Ending December 31 —
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Remainder of 2012
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$ |
25,895 |
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2013
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20,384 |
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2014
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18,324 |
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2015
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15,978 |
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2016
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15,105 |
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Thereafter
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108,954 |
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Total
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$ |
204,640 |
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