Goodwill and Intangible Assets

v2.3.0.15

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2011
Goodwill [Abstract]
Goodwill	(8) Goodwill and Intangible Assets Changes in goodwill for the nine months ended September 30, 2011 are as follows (in thousands):     Supply Chain Management     IT, Energy and Management Consulting       Infrastructure       Total    Balance as of December 31, 2010   $ -     $ 29,769     $ 6,513     $ 36,282    Increase from acquisition of WBI      55,703       -       -        55,703    Earn-out obligation      -        1,114        -       1,114    Balance as of September 30, 2011   $ 55,703     $ 30,883     $ 6,513     $ 93,099     Under the terms of the ICRC and G&B acquisitions, additional consideration is due to the sellers if certain financial performance targets are achieved.  G&B achieved certain financial performance targets for the final earn-out period ended on March 31, 2011. This resulted in a $1.1 million earn-out, which was recorded as goodwill and paid to the seller in the second quarter of 2011.     Intangible assets consist of the value of contract-related intangible assets, acquired technologies and trade names acquired in the acquisitions of ICRC, G&B, Akimeka and WBI. Intangible assets with indefinite lives not subject to amortization consist of ICRC and G&B trade names of approximately $2.4 million as of September 30, 2011 and December 31, 2010.  The trade names acquired in the Akimeka and WBI acquisitions are being amortized over nine years. Intangible assets consisted of the following (in thousands):     September 30, 2011   Cost     Accumulated Amortization     Net Intangible Assets   Contract-related   $ 96,884     $ (10,722 )   $ 86,162   Acquired technologies     12,400       (360 )     12,040   Trade names – amortizable     9,170       (465 )     8,705   Trade names – indefinite lived     2,430        -        2,430     Total   $ 120,884     $ (11,547 )   $ 109,337       December 31, 2010   Cost     Accumulated Amortization     Net Intangible Assets   Contract-related   $ 27,484     $ (6,417 )   $ 21,067   Trade name – amortizable     1,570       (64 )     1,506   Trade names – indefinite lived     2,430        -        2,430     Total   $ 31,484     $ (6,481 )   $ 25,003