Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets Acquired in Acquisition

The fair value of identifiable intangible assets acquired in the acquisition of Benchmark consist of the following:

Contracts in progress	$	10,352
Trademarks and tradenames		1,592
Customer relationships		19,087
Non-compete		599
Total identifiable intangible assets		31,630

Goodwill		46,922
Total Intangible Assets	$	78,552

Schedule of Intangible Assets

Identifiable intangible assets consisted of the following at September 30, 2017:

	Weighted average remaining useful life (Months)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Indefinite- Lived Intangible
Goodwill		-	$	46,922	$	-		$	46,922

Definite- Lived Intangibles
Trademarks and tradenames		78.7		1,592		100			1,492
Customer relationships		78.7		19,087		1,204			17,883
Contracts in progress		12.7		10,352		3,966	[1]		6,386
Non-compete		54.7		599		54			545
Total Definite Intangible Assets				31,630		5,324			26,306

Total Intangible Assets			$	78,552	$	5,324		$	73,228

[1] Amortization expense for the three and nine months ended September 30, 2017 totaled $3,013 and $5,324. For the three months ended September 30, 2017, $768 was charged to operating expenses and $2,245 was charged to cost of revenues. For the nine months ended September 30, 2017, $1,358 was charged to operating expenses and $3,966 was charged to cost of revenues.

Schedule of Future Amortization Expenses

Future projected annual amortization consists of the following for each of the following fiscal years ended December 31:

2017 (Remaining)	$	3,015
2018		7,215
2019		3,074
2020		3,231
2021		2,954
Thereafter		6,817
Total	$	26,306