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 amount				Accumulated amortization				Net 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 assets	9	$	214,973	$	214,973	$	(185,089)	$	(176,043)	$	29,884	$	38,930
Operating agreement	20	35,000		35,000		(18,689)		(17,376)		16,311		17,624
Trademarks and trade names	16	9,709		9,709		(6,202)		(5,893)		3,507		3,816
Non-compete agreements	4	1,230		1,230		(1,230)		(1,215)		—		15
Intellectual property	—	—		300		—		(175)		—		125
Other intangible assets	5	1,800		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.