Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangibles (Tables)

v3.8.0.1
Goodwill and Intangibles (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of Intangible Assets and Goodwill [Table Text Block]
Intangible assets, including goodwill, are comprised of the following: 
 
 
 
Gross
 
 
 
 
 
 
 
carrying
 
Accumulated
 
Net intangible
 
(in thousands)
 
amount
 
amortization
 
assets
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
Backlog – Construction
 
$
4,830
 
$
(4,347)
 
$
483
 
Backlog – Service
 
 
880
 
 
(880)
 
 
-
 
Customer Relationships – Service
 
 
4,710
 
 
(1,359)
 
 
3,351
 
Favorable Leasehold Interests
 
 
530
 
 
(99)
 
 
431
 
Total amortized intangible assets
 
 
10,950
 
 
(6,685)
 
 
4,265
 
Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
Trade Name
 
 
9,960
 
 
 
 
9,960
 
Total unamortized intangible assets
 
 
9,960
 
 
 
 
9,960
 
Total amortized and unamortized assets, excluding goodwill
 
$
20,910
 
$
(6,685)
 
$
14,225
 
Goodwill
 
$
10,488
 
$
 
$
10,488
 
 
 
 
Gross
 
 
 
 
 
 
 
carrying
 
Accumulated
 
Net intangible
 
(in thousands)
 
amount
 
amortization
 
assets
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
Backlog – Construction
 
$
4,830
 
$
(2,222)
 
$
2,608
 
Backlog – Service
 
 
880
 
 
(398)
 
 
482
 
Customer Relationships – Service
 
 
4,710
 
 
(452)
 
 
4,258
 
Favorable Leasehold Interests
 
 
530
 
 
(31)
 
 
499
 
Total amortized intangible assets
 
 
10,950
 
 
(3,103)
 
 
7,847
 
Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
Trade Name
 
 
9,960
 
 
 
 
9,960
 
Total unamortized intangible assets
 
 
9,960
 
 
 
 
9,960
 
Total amortized and unamortized assets, excluding goodwill
 
$
20,910
 
$
(3,103)
 
$
17,807
 
Goodwill
 
$
10,488
 
$
 
$
10,488
 
Finite-lived Intangible Assets Amortization Expense [Table Text Block]
The estimated remaining useful lives of definite-lived intangible assets are as follows:
 
Asset
 
Amortization Method
 
Estimated Remaining Useful Life
Backlog – Construction
 
Pattern of economic benefit
 
1.5 Years
Customer Relationships – Service
 
Pattern of economic benefit
 
14.0 Years
Favorable Leasehold Interests
 
Straight line
 
7.67 Years
Successor [Member]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The Successor’s estimated amortization expense is as follows for the years ending December 31:
 
(in thousands)
 
Estimated Amortization Expense
 
2018
 
$
1,272
 
2019
 
$
642
 
2020
 
$
525
 
2021
 
$
431
 
2022
 
$
357
 
2023 and thereafter
 
$
1,038
 
Total
 
$
4,265