| Goodwill and Intangible Assets |
(7) Goodwill and Intangible Assets
There were no changes in goodwill for the three months ended March 31, 2016. Goodwill by operating segment is as follows (in thousands):
| |
|
Supply Chain Management |
|
|
IT, Energy and Management Consulting |
|
|
Aviation
|
|
|
Total |
|
Balance as of December 31, 2015 |
|
$ |
63,113 |
|
|
$ |
30,883 |
|
|
$ |
104,549 |
|
|
$ |
198,545 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of March 31, 2016 |
|
$ |
63,113 |
|
|
$ |
30,883 |
|
|
$ |
104,549 |
|
|
$ |
198,545 |
|
Intangible assets consist of the value of contract-related assets, acquired technologies and trade names. Amortization expense was approximately $4 million and $3.6 million for the three months ended March 31, 2016 and 2015, respectively.
Intangible assets were comprised of the following (in thousands):
| |
|
Cost |
|
|
Accumulated Amortization |
|
|
Accumulated
Impairment Loss
|
|
|
Net Intangible Assets |
|
March 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
Contract and customer-related |
|
$ |
173,084 |
|
|
$ |
(49,911 |
) |
|
$ |
(1,025 |
) |
|
$ |
122,148 |
|
Acquired technologies |
|
|
12,400 |
|
|
|
(5,432 |
) |
|
|
- |
|
|
|
6,968 |
|
Trade names – amortizable |
|
|
16,730 |
|
|
|
(6,823 |
) |
|
|
- |
|
|
|
9,907 |
|
Total |
|
$ |
202,214 |
|
|
$ |
(62,166 |
) |
|
$ |
(1,025 |
) |
|
$ |
139,023 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract and customer-related |
|
$ |
173,084 |
|
|
$ |
(46,611 |
) |
|
$ |
(1,025 |
) |
|
$ |
125,448 |
|
Acquired technologies |
|
|
12,400 |
|
|
|
(5,151 |
) |
|
|
- |
|
|
|
7,249 |
|
Trade names |
|
|
16,730 |
|
|
|
(6,384 |
) |
|
|
- |
|
|
|
10,346 |
|
Total |
|
$ |
202,214 |
|
|
$ |
(58,146 |
) |
|
$ |
(1,025 |
) |
|
$ |
143,043 |
|
|