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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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

 

June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

 

6.8

 

 

$

50,285

 

 

$

(15,548

)

 

$

34,737

 

Non-compete agreements

 

5

 

 

3.7

 

 

 

3,296

 

 

 

(830

)

 

 

2,466

 

Customer backlog

 

0.5

 

 

 

 

2,200

 

 

 

(2,200

)

 

 

 

Trade name

 

8

 

 

6.8

 

 

 

1,200

 

 

 

(188

)

 

 

1,012

 

   Total amortizing

 

 

 

 

 

 

 

 

56,981

 

 

 

(18,766

)

 

 

38,215

 

Trade name - non-amortizing

 

Indefinite

 

 

 

 

 

 

5,871

 

 

 

 

 

 

5,871

 

   Total

 

 

 

 

 

 

 

$

62,852

 

 

$

(18,766

)

 

$

44,086

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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