| Goodwill and Intangible Assets |
Goodwill and Intangible Assets
Changes in goodwill for the three months ended March 31, 2019 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supply Chain Management |
|
Federal Services |
|
Aviation |
|
Total |
Balance as of December 31, 2018 |
|
$ |
63,190 |
|
|
$ |
30,883 |
|
|
$ |
104,549 |
|
|
$ |
198,622 |
|
Increase from acquisition |
|
— |
|
|
— |
|
|
60,590 |
|
|
60,590 |
|
Balance as of March 31, 2019 |
|
$ |
63,190 |
|
|
$ |
30,883 |
|
|
$ |
165,139 |
|
|
$ |
259,212 |
|
Intangible assets consist of the value of contract and customer-related intangible assets, acquired technologies and trade names. Amortization expense was approximately $5.0 million and $4.0 million for the three months ended March 31, 2019 and March 31, 2018, respectively.
Intangible assets, net were comprised of the following (in thousands):
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|
|
|
|
|
|
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|
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|
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|
|
|
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Cost |
|
Accumulated Amortization |
|
Accumulated
Impairment Loss
|
|
Net Intangible Assets |
March 31, 2019 |
|
|
|
|
|
|
|
|
Contract and customer-related |
|
$ |
228,094 |
|
|
$ |
(90,169 |
) |
|
$ |
(1,025 |
) |
|
$ |
136,900 |
|
Acquired technologies |
|
12,400 |
|
|
(8,815 |
) |
|
— |
|
|
3,585 |
|
Trade names |
|
24,670 |
|
|
(12,254 |
) |
|
— |
|
|
12,416 |
|
Total |
|
$ |
265,164 |
|
|
$ |
(111,238 |
) |
|
$ |
(1,025 |
) |
|
$ |
152,901 |
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
Contract and customer-related |
|
$ |
173,094 |
|
|
$ |
(86,076 |
) |
|
$ |
(1,025 |
) |
|
$ |
85,993 |
|
Acquired technologies |
|
12,400 |
|
|
(8,533 |
) |
|
— |
|
|
3,867 |
|
Trade names |
|
16,670 |
|
|
(11,638 |
) |
|
— |
|
|
5,032 |
|
Total |
|
$ |
202,164 |
|
|
$ |
(106,247 |
) |
|
$ |
(1,025 |
) |
|
$ |
94,892 |
|
|