Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.8
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
(7) Goodwill and Intangible Assets

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

Intangible assets consist of the value of contract-related assets, acquired technologies and trade names. Amortization expense was approximately $2.6 million and $5.1 million for the three- and six-month periods ended June 30, 2013, respectively, and approximately $2.8 million and $5.6 million for the three- and six month periods ended June 30, 2012, respectively.

 
Intangible assets were comprised of the following (in thousands):

 
 
Cost
 
 
Accumulated Amortization
 
 
Accumulated
Impairment Loss
 
 
Net Intangible Assets
 
June 30, 2013
 
 
 
 
 
 
 
 
Contract and customer-related
 
$
96,884
 
 
$
(25,700
)
 
$
(1,416
)
 
$
69,768
 
Acquired technologies
 
 
12,400
 
 
 
(2,333
)
 
 
-
 
 
 
10,067
 
Trade names – amortizable
 
 
10,100
 
 
 
(2,597
)
 
 
-
 
 
 
7,503
 
Trade names – indefinite lived
 
 
1,500
 
 
 
-
 
 
 
(1,500
)
 
 
-
 
    Total
 
$
120,884
 
 
$
(30,630
)
 
$
(2,916
)
 
$
87,338
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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