Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.5.0.2
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2016
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, 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 June 30, 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 $4.0 million and $8.0 million for the three and six months ended June 30, 2016 and approximately $4.1 million and $7.7 million for the three and six months ended June 30, 2015, respectively.

Intangible assets were comprised of the following (in thousands):

   
Cost
    
Accumulated Amortization
    
Accumulated
Impairment Loss
    
Net Intangible Assets
  
June 30, 2016
                        
Contract and customer-related
  
$
173,084
    
$
(53,211
)
  
$
(1,025
)
  
$
118,848
  
Acquired technologies
    
12,400
      
(5,715
)
    
-
      
6,685
  
Trade names – amortizable
    
16,730
      
(7,261
)
    
-
      
9,469
  
    Total
  
$
202,214
    
$
(66,187
)
  
$
(1,025
)
  
$
135,002
  
                                 
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 – amortizable
    
16,730
      
(6,384
)
    
-
      
10,346
  
    Total
  
$
202,214
    
$
(58,146
)
  
$
(1,025
)
  
$
143,043