Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill as of September 30, 2019 and December 31, 2018 was $198.6 million and $197.9 million, respectively. In 2019, the Company recorded measurement period and other adjustments of $0.7 million. Refer to Note E, Acquisition, herein for further detail.

Intangible assets consisted of the following as of (in thousands):


		September 30, 2019
	Amortization Period	Cost		Accumulated Amortization		Net
Trade Name	12-24 months	$	3,679	$	3,552	$	127
Non-Compete Agreement	24 months	27		27		—
Customer Relationships	180 months	139,271		23,761		115,510
Trade Name - Indefinite-lived	—	13,447		—		13,447
Total		$	156,424	$	27,340	$	129,084


		December 31, 2018
	Amortization Period	Cost		Accumulated Amortization		Net
Trade Name	12-24 months	$	3,675	$	3,042	$	633
Non-Compete Agreement	24 months	27		18		9
Customer Relationships	180 months	141,626		16,798		124,828
Trade Name - Indefinite-lived	—	14,559		—		14,559
Total		$	159,887	$	19,858	$	140,029

The Company recorded approximately $2.4 million and $1.4 million in straight-line amortization expense of intangible assets for the three months ended September 30, 2019 and 2018, respectively, and approximately $7.5 million and $4.3 million for the nine months ended September 30, 2019 and 2018, 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 four succeeding fiscal years and thereafter as of September 30, 2019 is as follows (in thousands):


Remainder of 2019	$	2,448
2020	9,285
2021	9,285
2022	9,285
2023	9,285
Thereafter	76,049
Total	$	115,637