Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.19.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets

Changes in goodwill for the nine months ended September 30, 2019 are as follows (in thousands):
 
 
Supply Chain Management
 
Federal Services
 
Aviation
 
Total
Balance as of December 31, 2018
 
$
63,190

 
$
30,883

 
$
104,549

 
$
198,622

Increase from acquisition
 
—

 
—

 
60,590

 
60,590

Balance as of September 30, 2019
 
$
63,190

 
$
30,883

 
$
165,139

 
$
259,212



Intangible assets consist of the value of contract and customer-related intangible assets, acquired technologies and trade names. Amortization expense was approximately $5.0 million and $15.0 million for the three and nine months ended September 30, 2019, respectively, and $4.0 million and $12.0 million for the three and nine months ended September 30, 2018, respectively.

Intangible assets, net were comprised of the following (in thousands):
 
 
Cost
 
Accumulated Amortization
 
Accumulated
Impairment Loss
 
Net Intangible Assets
September 30, 2019
 
 
 
 
 
 
 
 
Contract and customer-related
 
$
228,094

 
$
(98,278
)
 
$
(1,025
)
 
$
128,791

Acquired technologies
 
12,400

 
(9,378
)
 
—

 
3,022

Trade names
 
24,670

 
(13,576
)
 
—

 
11,094

Total
 
$
265,164

 
$
(121,232
)
 
$
(1,025
)
 
$
142,907

 
 
 
 
 
 
 
 
 
December 31, 2018
 
 

 
 

 
 

 
 

Contract and customer-related
 
$
173,094

 
$
(86,076
)
 
$
(1,025
)
 
$
85,993

Acquired technologies
 
12,400

 
(8,533
)
 
—

 
3,867

Trade names
 
16,670

 
(11,638
)
 
—

 
5,032

Total
 
$
202,164

 
$
(106,247
)
 
$
(1,025
)
 
$
94,892