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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
Our accounting policy is to perform an annual goodwill impairment test during the fourth quarter of each year or whenever events or changes in circumstances indicate that goodwill or the carrying value of intangible assets may not be recoverable. As of December 31, 2015, we performed a quantitative impairment test and determined that no impairment of our goodwill and intangible assets was required.
Goodwill. We had goodwill of $37.2 million at both December 31, 2015 and December 31, 2014. Such goodwill is related to our acquisitions of the Chandler, Arizona (Extrusion) facility and the Florence, Alabama facility and is included in the Fabricated Products segment.
Intangible Assets. In 2015 and 2014, our identifiable intangible assets were related to customer relationships. The original cost of these customer relationships was $38.5 million and accumulated amortization and net book value were $8.0 million and $30.5 million, respectively, at December 31, 2015, and $6.4 million and $32.1 million, respectively, at December 31, 2014.
Amortization expense relating to definite-lived intangible assets is recorded in the Fabricated Products segment. Such expense was $1.6 million for both 2015 and 2014 and $1.7 million for 2013. The expected amortization of intangible assets for each of the next five calendar years is $1.6 million and $22.5 million for years thereafter.