Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.6.0.2
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
3. Goodwill and Intangible Assets

 

Goodwill and tradenames are not subject to amortization. As of December 31, 2016 and 2015 the carrying values were $1.4 billion for goodwill and $0.8 billion for tradenames

 

The gross carrying amounts of intangible assets included within other long-term assets, the related accumulated amortization, the net carrying amounts and the weighted-average amortization periods of the Company’s intangible assets are listed in the following tables (in thousands, except amortization period):

 

    December 31, 2016  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
Period (Years)
 
Customer relationship   $ 120,000     $ (36,593 )   $ 83,407       6.0  
Licenses     3,368       (807 )     2,561       5.6  
Non-compete agreements     660       (495 )     165       1.0  
Total intangible assets subject to amortization   $ 124,028     $ (37,895 )   $ 86,133          
License (Indefinite-lived)   $ 4,427     $     $          

 

    December 31, 2015  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
Period (Years)
 
Customer relationship   $ 120,000     $ (15,527 )   $ 104,473       6.0  
Backlog     70,000       (70,000 )           1.0  
Licenses     3,368       (208 )     3,160       5.6  
Total intangible assets subject to amortization   $ 193,368     $ (85,735 )   $ 107,633          
License (Indefinite-lived)   $ 4,427     $     $          

 

The aggregate amortization expense is as follows (in thousands):

 

    Year Ended December 31,  
    2016     2015     2014  
Amortization expense   $ 22,160     $ 73,207     $ 12,528  

 

The following table sets forth the Company’s estimated aggregate amortization expense for each of the five years below (in thousands): 

 

Year ended December 31,   Amortization
Expense
 
2017   $ 31,067  
2018     26,163  
2019     18,489  
2020     9,906  
2021     75