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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
6.

GOODWILL AND OTHER INTANGIBLE ASSETS

The carrying amount of goodwill by reportable segment at December 31, 2018 and 2017 was $14.2 million for Trex Residential and $54.3 million for Trex Commercial.

Intangible assets consist of the following (in thousands):

 

     December 31,
2018
     December 31,
2017
 

Intangible assets:

     

Customer backlog

   $ 4,000      $ 4,000  

Trade names and trademarks

     900        900  

Domain names

     6,327        —    
  

 

 

    

 

 

 

Total intangible assets

     11,227        4,900  
  

 

 

    

 

 

 

Accumulated amortization:

     

Customer backlog

     (4,000      (1,666

Trade name and trademarks

     (900      (376

Domain names

     (285      —    
  

 

 

    

 

 

 

Total accumulated amortization

     (5,185      (2,042
  

 

 

    

 

 

 

Intantible assets, net

   $ 6,042      $ 2,858  
  

 

 

    

 

 

 

Intangible asset amounts were determined based on the estimated economics of the asset and are amortized over the estimated useful lives on a straight-line basis over 12 months for customer backlog and trade names and trademarks and 15 years for domain names, which approximates the pattern in which the economic benefits are expected to be received. In May 2018, the Company purchased certain domain names for $6.3 million. We evaluate the recoverability of intangible assets periodically and consider events or circumstances that may warrant revised estimates of useful lives or that may indicate an impairment. Intangible asset amortization expense for the years ended December 31, 2018 and December 31, 2017, was $3.1 million and $2.0 million, respectively.