Goodwill and Other Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 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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57,451 |
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7,328 |
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— |
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64,779 |
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Foreign currency translation related to goodwill
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(864 |
) |
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(163 |
) |
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— |
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(1,027 |
) |
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Balance at June 30, 2012
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Goodwill
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1,045,289 |
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120,763 |
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562,174 |
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1,728,226 |
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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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$ |
1,045,289 |
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$ |
120,763 |
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$ |
498,910 |
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$ |
1,664,962 |
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Other intangible assets |
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As of December 31,
2011
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Six Months Ended June 30,
2012
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As of June 30, 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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$ |
(5,797 |
) |
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$ |
5,311 |
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$ |
(387 |
) |
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$ |
132,862 |
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11.6 |
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Backlog
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121,779 |
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(101,153 |
) |
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(8,758 |
) |
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4,906 |
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262 |
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17,036 |
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1.4 |
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Trade names
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29,661 |
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(1,948 |
) |
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(521 |
) |
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2,768 |
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(23 |
) |
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29,937 |
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27.7 |
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Non-compete agreements
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27,414 |
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(17,604 |
) |
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(2,901 |
) |
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1,926 |
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(45 |
) |
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8,790 |
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3.3 |
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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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(966 |
) |
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3,020 |
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— |
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12,894 |
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7.1 |
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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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(18,943 |
) |
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17,931 |
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(193 |
) |
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201,519 |
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12.5 |
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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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$ |
(18,943 |
) |
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$ |
17,931 |
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$ |
(193 |
) |
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$ |
206,019 |
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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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$ |
19,385 |
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2013
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20,602 |
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2014
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18,549 |
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2015
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16,207 |
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2016
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15,353 |
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Thereafter
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111,423 |
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Total
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$ |
201,519 |
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