Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangibles

v3.8.0.1
Goodwill and Other Intangibles
3 Months Ended
Mar. 31, 2018
Goodwill and Other Intangibles  
Goodwill and Other Intangibles

3. GOODWILL AND OTHER INTANGIBLES

 

Changes in the carrying amount of goodwill for the three months ended March 31,  2018,  by segment, were as follows, in thousands:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross Goodwill

    

 

    

Gross Goodwill

    

   Accumulated   

    

Net Goodwill

 

 

at

 

 

 

at

 

Impairment

 

at

 

 

December 31, 2017

 

Additions

 

March 31, 2018

 

Losses

 

March 31, 2018

Goodwill, by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Installation

 

$

1,422,920

 

$

2,741

 

$

1,425,661

 

$

(762,021)

 

$

663,640

Distribution

 

 

416,287

 

 

2,888

 

 

419,175

 

 

 —

 

 

419,175

Total goodwill

 

$

1,839,207

 

$

5,629

 

$

1,844,836

 

$

(762,021)

 

$

1,082,815

 

The following table sets forth our other intangible assets, in thousands:

 

 

 

 

 

 

 

 

 

 

As of

 

    

March 31, 

    

December 31, 

 

    

2018

    

2017

Gross definite-lived intangible assets

 

$

53,482

 

$

54,872

Accumulated amortization

 

 

(5,045)

 

 

(21,629)

Net definite-lived intangible assets

 

$

48,437

 

$

33,243

 

The following table sets forth a breakout of our intangible assets as of March 31, 2018, in thousands:

 

 

 

 

 

 

 

 

 

 

 

Gross definite-lived intangible assets

 

Accumulated amortization

 

Net definite-lived intangible assets

Trademarks

$

2,635

 

$

(271)

 

$

2,364

Customer Lists

 

43,328

 

 

(3,663)

 

 

39,665

Non-Compete

 

7,519

 

 

(1,111)

 

 

6,408

 

$

53,482

 

$

(5,045)

 

$

48,437

 

The following table sets forth our amortization expense, in thousands:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

2018

 

2017

Amortization expense

 

$

1,302

 

$

183