| Goodwill by Operating Segment |
Changes in goodwill for the years ended December 31, 2013 and 2012 are as follows (in thousands):
|
|
Supply Chain
Management
|
|
|
IT, Energy and Management Consulting |
|
|
Infrastructure |
|
|
Total |
|
Balance as of December 31, 2011 |
|
$ |
61,169 |
|
|
$ |
30,883 |
|
|
$ |
6,827 |
|
|
$ |
98,879 |
|
Impairment loss |
|
|
- |
|
|
|
- |
|
|
|
(6,037 |
) |
|
|
(6,037 |
) |
Reclassification to current assets of discontinued operations |
|
|
- |
|
|
|
- |
|
|
|
(790 |
) |
|
|
(790 |
) |
Balance as of December 31, 2012 |
|
$ |
61,169 |
|
|
$ |
30,883 |
|
|
$ |
- |
|
|
$ |
92,052 |
|
Balance as of December 31, 2013 |
|
$ |
61,169 |
|
|
$ |
30,883 |
|
|
$ |
- |
|
|
$ |
92,052 |
|
|
| Intangible Assets |
Intangible assets consisted of the following (in thousands):
|
|
Cost |
|
|
Accumulated Amortization |
|
|
Accumulated
Impairment Loss
|
|
|
Net Intangible Assets |
|
December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
Contract and customer-related |
|
$ |
93,304 |
|
|
$ |
(26,287 |
) |
|
$ |
(1,025 |
) |
|
$ |
65,992 |
|
Acquired technologies |
|
|
12,400 |
|
|
|
(2,896 |
) |
|
|
- |
|
|
|
9,504 |
|
Trade names – amortizable |
|
|
10,100 |
|
|
|
(3,339 |
) |
|
|
- |
|
|
|
6,761 |
|
Total |
|
$ |
115,804 |
|
|
$ |
(32,522 |
) |
|
$ |
(1,025 |
) |
|
$ |
82,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
| Future Amortization of Intangible Assets |
Future expected amortization of intangible assets is as follows for the years ending December 31, (in thousands):
|
|
Amortization |
|
2014 |
|
$ |
10,048 |
|
2015 |
|
|
9,439 |
|
2016 |
|
|
9,255 |
|
2017 |
|
|
9,255 |
|
2018 |
|
|
9,255 |
|
Thereafter |
|
|
35,005 |
|
Total |
|
$ |
82,257 |
|
|