| Goodwill by Operating Segment |
Changes in goodwill for the years ended December 31, 2014 and 2013 are as follows (in thousands):
|
|
Supply Chain Management |
|
|
IT, Energy and Management Consulting |
|
|
Total |
|
Balance as of December 31, 2012 |
|
$ |
61,169 |
|
|
$ |
30,883 |
|
|
$ |
92,052 |
|
Balance as of December 31, 2013 |
|
$ |
61,169 |
|
|
$ |
30,883 |
|
|
$ |
92,052 |
|
Balance as of December 31, 2014 |
|
$ |
61,169 |
|
|
$ |
30,883 |
|
|
$ |
92,052 |
|
|
| Intangible Assets |
Intangible assets were composed of the following (in thousands):
|
|
Cost |
|
|
Accumulated Amortization |
|
|
Accumulated
Impairment Loss
|
|
|
Net Intangible Assets |
|
December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
Contract and customer-related |
|
$ |
93,304 |
|
|
$ |
(33,840 |
) |
|
$ |
(1,025 |
) |
|
$ |
58,439 |
|
Acquired technologies |
|
|
12,400 |
|
|
|
(4,024 |
) |
|
|
- |
|
|
|
8,376 |
|
Trade names – amortizable |
|
|
10,100 |
|
|
|
(4,706 |
) |
|
|
- |
|
|
|
5,394 |
|
Total |
|
$ |
115,804 |
|
|
$ |
(42,570 |
) |
|
$ |
(1,025 |
) |
|
$ |
72,209 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract and customer-related |
|
$ |
93,304 |
|
|
$ |
(26,287 |
) |
|
$ |
(1,025 |
) |
|
$ |
65,992 |
|
Acquired technologies |
|
|
12,400 |
|
|
|
(2,896 |
) |
|
|
- |
|
|
|
9,504 |
|
Trade names – amortizable |
|
|
10,100 |
|
|
|
(3,339 |
) |
|
|
- |
|
|
|
6,761 |
|
Total |
|
$ |
115,804 |
|
|
$ |
(32,522 |
) |
|
$ |
(1,025 |
) |
|
$ |
82,257 |
|
|
| Future Amortization of Intangible Assets |
Future expected amortization of intangible assets is as follows for the years ending December 31, (in thousands):
|
|
Amortization |
|
2015 |
|
$ |
9,439 |
|
2016 |
|
|
9,255 |
|
2017 |
|
|
9,255 |
|
2018 |
|
|
9,255 |
|
2019 |
|
|
9,190 |
|
Thereafter |
|
|
25,815 |
|
Total |
|
$ |
72,209 |
|
|