Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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

There were no changes in goodwill for the nine months ended September 30, 2013. Goodwill by operating segment as of December 31, 2012 and September 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 September 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 $2.5 million and $7.6 million for the three- and nine-month periods ended September 30, 2013, respectively, and approximately $2.8 million and $8.4 million for the three- and nine month periods ended September 30, 2012, respectively.
 
Intangible assets were comprised of the following (in thousands):

 
  
Cost
    
Accumulated Amortization
    
Accumulated
Impairment Loss
    
Net Intangible Assets
  
September 30, 2013
  
   
   
   
 
Contract and customer-related
  
$
96,884
    
$
(27,588
)
  
$
(1,416
)
  
$
67,880
  
Acquired technologies
    
12,400
      
(2,615
)
    
-
      
9,785
  
Trade names – amortizable
    
10,100
      
(2,967
)
    
-
      
7,133
  
Trade names – indefinite lived
    
1,500
      
-
      
(1,500
)
    
-
  
Total
  
$
120,884
    
$
(33,170
)
  
$
(2,916
)
  
$
84,798
  
 
                                
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