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GOODWILL AND INTANGIBLE ASSETS, NET
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
Goodwill consists of the following:
(in thousands)Total
Balance as of September 30, 2020 and December 31, 2019$73,849 
Intangible Assets, net
Intangible assets, net consist of the following:
 
Weighted average estimated useful life
(in years)
Gross carrying amountAccumulated amortizationNet book value
(in thousands)September 30,
2020
December 31,
2019
September 30,
2020
December 31,
2019
September 30,
2020
December 31,
2019
Definite lived intangible assets:
Customer related intangible assets9$214,973 $214,973 $(185,089)$(176,043)$29,884 $38,930 
Operating agreement2035,000 35,000 (18,689)(17,376)16,311 17,624 
Trademarks and trade names169,709 9,709 (6,202)(5,893)3,507 3,816 
Non-compete agreements41,230 1,230 (1,230)(1,215)— 15 
Intellectual property— 300 — (175)— 125 
Other intangible assets51,800 3,745 (1,800)(3,209)— 536 
Total$262,712 $264,957 $(213,010)$(203,911)$49,702 $61,046 
Amortization expense for definite lived intangible assets was $11.3 million and $15.5 million for the nine months ended September 30, 2020 and 2019, respectively ($4.3 million and $3.3 million for the third quarter of 2020 and 2019, respectively). Expected annual definite lived intangible asset amortization expense for 2020 through 2024 is $14.9 million, $9.3 million, $5.1 million, $5.1 million and $5.1 million, respectively.