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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Classes of Intangible Assets

Intangible assets as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands):

 

 

 

 

 

June 30, 2017

 

 

 

Amortization

Period

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Trade Name

 

24 months

 

$

3,000

 

 

$

2,258

 

 

$

742

 

Customer Relationships

 

156 - 180 months

 

 

81,000

 

 

 

8,128

 

 

 

72,872

 

Total

 

 

 

$

84,000

 

 

$

10,386

 

 

$

73,614

 

 

 

 

 

 

December 31, 2016

 

 

 

Amortization

Period

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Trade Name

 

24 months

 

$

3,000

 

 

$

1,508

 

 

$

1,492

 

Customer Relationships

 

156 - 180 months

 

$

81,000

 

 

$

5,428

 

 

$

75,572

 

Total

 

 

 

$

84,000

 

 

$

6,936

 

 

$

77,064

 

 

Estimated Amortization Expense

The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of June 30, 2017 is as follows (in thousands):

 

Remainder of 2017

 

$

3,442

 

2018

 

 

5,400

 

2019

 

 

5,400

 

2020

 

 

5,400

 

2021

 

 

5,400

 

Thereafter

 

 

48,572

 

Total

 

$

73,614