Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.8
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
(7) Goodwill and Intangible Assets

There were no changes in goodwill for the six months ended June 30, 2014. Goodwill by operating segment as of December 31, 2013 and June 30, 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 June 30, 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 $2.6 million and $5.1 million for the three- and six-month periods ended June 30, 2014 and 2013, respectively.
 
Intangible assets were comprised of the following (in thousands):

 
 
Cost
 
 
Accumulated Amortization
 
 
Accumulated
Impairment Loss
 
 
Net Intangible Assets
 
June 30, 2014
 
 
 
 
 
 
 
 
Contract and customer-related
 
$
93,304
 
 
$
(30,064
)
 
$
(1,025
)
 
$
62,215
 
Acquired technologies
 
 
12,400
 
 
 
(3,460
)
 
 
-
 
 
 
8,940
 
Trade names – amortizable
 
 
10,100
 
 
 
(4,080
)
 
 
-
 
 
 
6,020
 
Total
 
$
115,804
 
 
$
(37,604
)
 
$
(1,025
)
 
$
77,715
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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