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Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 11. INTANGIBLE ASSETS

Intangible assets consist of the following:

 

(dollar amounts in thousands)

 

Estimated

useful life

in years

 

 

December 31, 2020

 

 

December 31,

2019

 

Trade name

 

Indefinite

 

 

$

5,871

 

 

$

5,871

 

Customer relationships

 

 

11

 

 

 

10,644

 

 

 

10,644

 

Non-compete agreements

 

 

5

 

 

 

157

 

 

 

157

 

 

 

 

 

 

 

 

16,672

 

 

 

16,672

 

Less accumulated amortization

 

 

 

 

 

 

(9,554

)

 

 

(9,338

)

 

 

 

 

 

 

$

7,118

 

 

$

7,334

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with finite useful lives are amortized over their respective useful lives.  Amortization expense in the years ended December 31, 2020, 2019 and 2018 was $0.2 million, $0.9 million and $0.9 million, respectively.  Based on the carrying values at December 31, 2020 and assuming no subsequent impairment of the underlying assets, the annual amortization is expected to be $0.2 million in 2021 and $0.2 million in 2022 through 2026.