Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

6. GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying value of goodwill consist of the following:

	December 31,
	2020		2019
Balance, Beginning of Year	$	172,725	$	176,031
Measurement Period Adjustments (a)		—		(3,306	)
Balance, End of Year	$	172,725	$	172,725

(a) During the year ended December 31, 2019, the Company recorded $3.3 million of measurement period adjustments to goodwill related to the acquisition of CamberView.

As of December 31, 2020 and 2019, the Company’s assessment did not result in any impairment of goodwill.

Intangible Assets, Net consists of the following:

	December 31,
	2020			2019
Finite-Lived Intangible Assets
Customer Relationships	$	61,276		$	61,276
Trade Name		9,800			9,800
Total Intangible Assets		71,076			71,076
Accumulated Amortization
Customer Relationships		(33,747	)		(27,566	)
Trade Name		(5,299	)		(3,704	)
Total Accumulated Amortization		(39,046	)		(31,270	)
Intangible Assets, Net	$	32,030		$	39,806

Changes in the Company’s Intangible Assets, Net consist of the following:

	Year Ended December 31,
	2020			2019			2018
Balance, Beginning of Year	$	39,806		$	49,160		$	12,295
Additions		—			—			40,600
Amortization Expense		(7,776	)		(7,654	)		(3,735	)
Measurement Period Adjustments (a)		—			(1,700	)		—
Balance, End of Year	$	32,030		$	39,806		$	49,160

(a) During the year ended December 31, 2019, the Company recorded $1.7 million of measurement period adjustments to intangible assets related to the acquisition of CamberView. As a result of this decrease in intangible assets, the Company recorded a cumulative decrease to accumulated amortization of $0.2 million as of September 30, 2019. Such change was also reflected in Depreciation and Amortization in the Consolidated Statements of Operations.

Amortization of Intangible Assets held at December 31, 2020 is expected to be $7.7 million for the year ending December 31, 2021; $6.5 million for the year ending December 31, 2022; $4.9 million for each of the years ending December 31, 2023 and 2024; and $4.8 million for the year ending December 31, 2025.