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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS
A summary of intangible assets as of December 31, 2019 and 2018 is as follows (in thousands):
 
 
December 31, 2019
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
$
174,940

 
$
(63,727
)
 
$
111,213

Non-compete agreements
5,466

 
(5,306
)
 
160

Trade names
24,724

 
(21,146
)
 
3,578

Technology
7,838

 
(5,976
)
 
1,862

Licenses
848

 
(642
)
 
206

Total
$
213,816

 
$
(96,797
)
 
$
117,019

 
 
December 31, 2018
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
$
174,894

 
$
(51,160
)
 
$
123,734

Non-compete agreements
5,433

 
(4,882
)
 
551

Trade names
24,753

 
(20,594
)
 
4,159

Technology
7,847

 
(5,187
)
 
2,660

Licenses
851

 
(583
)
 
268

Total
$
213,778

 
$
(82,406
)
 
$
131,372


Amortization expense on intangible assets for the years ended December 31, 2019, 2018 and 2017 was $14.3 million, $28.7 million and $16.5 million, respectively. Amortization expense for current intangible assets is forecast to be approximately $14 million in 2020 and approximately $13 million per year from 2021 through 2024.
The lower amortization expense in 2019 is primarily due to a change in the estimated useful life of an intangible asset associated with the Furmanite trade name in 2018. Management determined that, as a result of initiatives to consolidate the Company’s branding, the useful life of this intangible asset was not expected to extend beyond December 31, 2018. In accordance with ASC 350, we accounted for the change in useful life prospectively effective January 1, 2018 and amortized the remaining balance over 2018, which resulted in incremental amortization expense in 2018 of $12 million which did not recur in 2019.
The weighted-average amortization period for intangible assets subject to amortization was 13.6 years as of December 31, 2019. The weighted-average amortization period as of December 31, 2019 is 13.6 years for customer relationships, 5.0 years for non-compete agreements, 14.7 years for trade names, 10.0 years for technology and 10.5 years for licenses.