Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill as of September 30, 2018 and December 31, 2017 was $147.0 million. There were no changes in the carrying amount of goodwill during the three and nine month periods ending September 30, 2018.

Intangible assets as of September 30, 2018 and December 31, 2017 consisted of the following (in thousands):



		September 30, 2018
	Amortization Period	Cost		Accumulated Amortization		Net
Customer Relationships	156 - 180 months	$	85,068	$	15,171	$	69,897
Non-Compete Agreement	36 months	26		14		12
Total		$	85,094	$	15,185	$	69,909



		December 31, 2017
	Amortization Period	Cost		Accumulated Amortization		Net
Customer Relationships	156 - 180 months	$	85,068	$	10,925	$	74,143
Non-Compete Agreement	36 months	26		4		22
Trade Name	24 months	3,000		3,000		—
Total		$	88,094	$	13,929	$	74,165

We recorded approximately $1.4 and $1.7 million in straight-line amortization expense of intangible assets for the three month periods ended September 30, 2018 and 2017, respectively. We recorded approximately $4.3 and $5.2 million in straight-line amortization expense of intangible assets for the nine month periods ended September 30, 2018 and 2017, respectively. The Company records amortization expense as a general and administrative expense.

The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of September 30, 2018 is as follows (in thousands):



Remainder of 2018	$	1,421
2019	5,680
2020	5,671
2021	5,671
2022	5,671
Thereafter	45,795
Total	$	69,909

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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