Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
(8) Goodwill and Intangible Assets

There were no changes in goodwill for the six months ended June 30, 2012. Goodwill by operating segment as of December 31, 2011 and June 30, 2012 is as follows (in thousands):

   
Supply Chain Management
   
IT, Energy and Management Consulting
   
Infrastructure
   
Total
 
 Balance as of December 31, 2011
  $ 61,169     $ 30,883     $ 6,827     $ 98,879  
                                 
 Balance as of June 30, 2012
  $ 61,169     $ 30,883     $ 6,827     $ 98,879  

Intangible assets consist of the value of contract-related intangible assets and trade names acquired in the acquisitions of Integrated Concepts and Research Corporation ("ICRC"), G&B Solutions, Inc. ("G&B"), Akimeka, LLC ("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 June 30, 2012 and December 31, 2011.  The trade names acquired in the Akimeka and WBI acquisitions are being amortized over nine years. Amortization expense for the three- and six- months ended June 30, 2012 was approximately $2.8 million and $5.6 million, respectively.  Amortization expense for the three-and six-months ended June 30, 2011 was approximately $1.4 million and $2.3 million, respectively.
 
Intangible assets were comprised of the following (in thousands):

 
June 30, 2012
 
Cost
   
Accumulated
Amortization
   
Net Intangible
Assets
 
Contract-related
  $ 96,884     $ (17,517 )   $ 79,367  
Acquired technologies
    12,400       (1,205 )     11,195  
Trade name - amortizable
    9,170       (1,229 )     7,941  
Trade names - indefinite lived
    2,430       -       2,430  
  Total
  $ 120,884     $ (19,951 )   $ 100,933  

 
December 31, 2011
 
Cost
   
Accumulated
Amortization
   
Net Intangible
Assets
 
Contract-related
  $ 96,884     $ (12,987 )   $ 83,897  
Acquired technologies
    12,400       (642 )     11,758  
Trade name - amortizable
    9,170       (719 )     8,451  
Trade names - indefinite lived
    2,430       -       2,430  
  Total
  $ 120,884     $ (14,348 )   $ 106,536