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