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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following table summarizes information relating to the Company's acquired amortizable intangible assets: 

As of December 31, 2021As of December 31, 2020
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountEstimated Useful Lives
Customer relationships$6,113,669 $(4,020,282)$2,093,387 $6,052,598 $(3,478,742)$2,573,856 
3 to 18 years
Trade names1,081,083(988,563)92,520 1,081,083(894,189)186,894 
2 to 10 years
Other amortizable intangibles58,398(42,304)16,094 56,747(36,381)20,366 
1 to 15 years
$7,253,150 $(5,051,149)$2,202,001 $7,190,428 $(4,409,312)$2,781,116 
Amortization expense for the years ended December 31, 2021, 2020 and 2019 aggregated $641,836, $738,633, and $787,893, respectively.
The following table sets forth the estimated amortization expense on intangible assets for the periods presented:
Estimated amortization expense
Year Ending December 31, 2022$553,905
Year Ending December 31, 2023388,309
Year Ending December 31, 2024308,978
Year Ending December 31, 2025262,244
Year Ending December 31, 2026218,057
The carrying amount of indefinite-lived cable television franchises and goodwill is presented below:
Indefinite-lived Cable Television FranchisesGoodwill
Balance as of December 31, 2019$13,020,081 $8,142,309 
Indefinite-lived cable television franchises and goodwill recorded in connection with an acquisition (see discussion below)47,936 18,257 
Balance as of December 31, 2020$13,068,017 $8,160,566 
Indefinite-lived cable television franchises and goodwill recorded in connection with an acquisition (see discussion below)148,338 45,297 
Balance as of December 31, 2021$13,216,355 $8,205,863 
In June 2021, Lightpath completed an acquisition for an aggregate net cash purchase price of approximately $28,260, subject to certain closing adjustments as set forth in the asset purchase agreement, and recorded customer relationships of $2,294, goodwill of $11,800, and property, plant and equipment of $14,649.
In April 2021, the Company completed its acquisition of the cable assets of Morris Broadband, LLC in North Carolina for cash of approximately $312,184. In connection with the acquisition, the Company recorded indefinite-lived cable television franchise rights of $148,338, customer relationships of $58,777, and goodwill of $33,497 based on an allocation of the purchase price. In addition, the Company recorded property, plant and equipment of $71,586.
On July 14, 2020, the Company completed its acquisition of certain cable assets in New Jersey for approximately $149,973. In connection with the acquisition, the Company recorded indefinite-lived cable television franchise rights of approximately $47,936, customer relationships of approximately $35,074, and goodwill of approximately $18,257 based on an allocation of the purchase price. In addition, the Company recorded property, plant and equipment of approximately $52,362.
The acquisitions discussed above were accounted for as business combinations in accordance with ASC Topic 805.