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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

Intangible assets consist of the following:

 

(dollar amounts in thousands)

 

Estimated
useful life
in years

 

Average remaining life in years

 

Cost

 

 

Accumulated amortization

 

 

Net book value

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

6.3

 

$

50,284

 

 

$

(18,098

)

 

$

32,186

 

Non-compete agreements

 

5

 

3.2

 

 

3,296

 

 

 

(1,159

)

 

 

2,137

 

Customer backlog

 

 

 

 

1,900

 

 

 

(1,900

)

 

 

 

Trade name

 

8

 

6.3

 

 

1,200

 

 

 

(263

)

 

 

937

 

Total amortizing

 

 

 

 

 

 

56,680

 

 

 

(21,420

)

 

 

35,260

 

Trade name - non-amortizing

 

Indefinite

 

 

 

 

5,871

 

 

 

 

 

 

5,871

 

Total

 

 

 

 

 

$

62,551

 

 

$

(21,420

)

 

$

41,131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

7.3

 

$

50,285

 

 

$

(12,991

)

 

$

37,294

 

Non-compete agreements

 

5

 

4.2

 

 

3,296

 

 

 

(499

)

 

 

2,797

 

Customer backlog

 

0.5

 

 

 

1,900

 

 

 

(1,900

)

 

 

 

Trade name

 

8

 

7.3

 

 

1,200

 

 

 

(113

)

 

 

1,087

 

Total amortizing

 

 

 

 

 

 

56,681

 

 

 

(15,503

)

 

 

41,178

 

Trade name - non-amortizing

 

Indefinite

 

 

 

 

5,871

 

 

 

 

 

 

5,871

 

Total

 

 

 

 

 

$

62,552

 

 

$

(15,503

)

 

$

47,049