Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
(7) Goodwill and Intangible Assets

There were no changes in goodwill for the three months ended March 31, 2013. Goodwill by operating segment as of December 31, 2012 and March 31, 2013 is 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 March 31, 2013
 
$
61,169
 
 
$
30,883
 
 
$
92,052
 

Intangible assets consist of the value of contract-related assets, acquired technologies and trade names. Amortization expense for the three months ended March 31, 2013 and 2012 was approximately $2.5 million and $2.8 million, respectively.
 
Intangible assets were comprised of the following (in thousands):

 
 
Cost
 
 
Accumulated Amortization
 
 
Accumulated
Impairment Loss
 
 
Net Intangible Assets
 
March 31, 2013
 
 
 
 
 
 
 
 
Contract and customer-related
 
$
96,884
 
 
$
(23,811
)
 
$
(1,416
)
 
$
71,657
 
Acquired technologies
 
 
12,400
 
 
 
(2,051
)
 
 
-
 
 
 
10,349
 
Trade names – amortizable
 
 
10,100
 
 
 
(2,226
)
 
 
-
 
 
 
7,874
 
Trade names – indefinite lived
 
 
1,500
 
 
 
-
 
 
 
(1,500
)
 
 
-
 
    Total
 
$
120,884
 
 
$
(28,088
)
 
$
(2,916
)
 
$
89,880
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract and customer-related
 
$
96,884
 
 
$
(21,923
)
 
$
(1,416
)
 
$
73,545
 
Acquired technologies
 
 
12,400
 
 
 
(1,769
)
 
 
-
 
 
 
10,631
 
Trade names – amortizable
 
 
10,100
 
 
 
(1,855
)
 
 
-
 
 
 
8,245
 
Trade names – indefinite lived
 
 
1,500
 
 
 
-
 
 
 
(1,500
)
 
 
-
 
    Total
 
$
120,884
 
 
$
(25,547
)
 
$
(2,916
)
 
$
92,421