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Acquisitions, Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Acquisitions, Goodwill and Intangible Assets [Abstract]  
Schedule of Acquired Intangible Assets by Major Category

We have obtained various intangible assets from several acquisitions. The table below details the gross and net carrying amounts of these assets by major category (in thousands):

 

 

 

 

 

 

 

 

 

December 31

 

    

2018

    

2017

Gross Carrying Amount:

 

 

  

 

 

  

Customer/agent relationships

 

$

32,177

 

$

32,177

Tradename

 

 

3,440

 

 

3,440

Management agreement

 

 

3,232

 

 

3,232

Non-compete & employment agreements

 

 

4,235

 

 

4,235

Insurance licenses

 

 

1,300

 

 

1,300

Total gross carrying amount

 

 

44,384

 

 

44,384

 

 

 

 

 

 

 

Accumulated Amortization:

 

 

  

 

 

  

Customer/agent relationships

 

 

(26,515)

 

 

(24,276)

Tradename

 

 

(2,847)

 

 

(2,618)

Management agreement

 

 

(3,232)

 

 

(3,232)

Non-compete & employment agreements

 

 

(4,235)

 

 

(4,235)

Total accumulated amortization

 

 

(36,829)

 

 

(34,361)

Total net carrying amount

 

$

7,555

 

$

10,023

 

Schedule of Estimated Aggregate Amortization Expense for Definite-Lived Intangible Assets

Insurance licenses are not amortized because they have an indefinite life. We amortize definite-lived intangible assets straight line over their respective lives. The estimated aggregate amortization expense for definite-lived intangible assets for the next five years is as follows (in thousands):

 

 

 

 

2019

    

$

2,467

2020

 

$

2,467

2021

 

$

503

2022

 

$

501

2023

 

$

317

 

Schedule of Weighted Average Amortization Period for Definite Lived Intangible Assets by Major Cass

The weighted average amortization period for definite-lived intangible assets by major class is as follows:

 

 

 

 

    

Years

Tradename

 

15

Customer/ agent relationships

 

15

Management agreement

 

 4

Non-compete agreements

 

 5