Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.8
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2014
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
(7) Goodwill and Intangible Assets

There were no changes in goodwill for the three months ended March 31, 2014. Goodwill by operating segment as of December 31, 2013 and March 31, 2014 is as follows (in thousands):

 
  
Supply Chain Management
    
IT, Energy and Management Consulting
    
Total
  
 Balance as of December 31, 2013
  
$
61,169
    
$
30,883
    
$
92,052
  
 Balance as of March 31, 2014
  
$
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 for the three-month periods ended March 31, 2014 and 2013.
Intangible assets were comprised of the following (in thousands):
 
  
Cost
    
Accumulated Amortization
    
Accumulated
Impairment Loss
    
Net Intangible Assets
  
March 31, 2014
  
   
   
   
 
Contract and customer-related
  
$
93,304
    
$
(28,175
)
  
$
(1,025
)
  
$
64,104
  
Acquired technologies
    
12,400
      
(3,178
)
    
-
      
9,222
  
Trade names – amortizable
    
10,100
      
(3,710
)
    
-
      
6,390
  
    Total
  
$
115,804
    
$
(35,063
)
  
$
(1,025
)
  
$
79,716
  
 
                                
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