GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETSA summary of the activity and balances related to goodwill by reporting segment is as follows: | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | Acquisitions | | | | March 31, 2022 | Eastern region | $ | 52,072 | | | $ | 330 | | | | | $ | 52,402 | | Western region | 163,728 | | | 3,906 | | | | | 167,634 | | Resource solutions | 17,060 | | | 21,318 | | | | | 38,378 | | | | | | | | | | Total | $ | 232,860 | | | $ | 25,554 | | | | | $ | 258,414 | |
Summaries of intangible assets by type follows: | | | | | | | | | | | | | | | | | | | | | | | | | Covenants Not-to-Compete | | Customer Relationships | | Trade Names | | Total | Balance, March 31, 2022 | | | | | | | | Intangible assets | $ | 30,120 | | | $ | 124,592 | | | $ | 8,350 | | | $ | 163,062 | | Less accumulated amortization | (22,614) | | | (37,322) | | | (2,262) | | | (62,198) | | | $ | 7,506 | | | $ | 87,270 | | | $ | 6,088 | | | $ | 100,864 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Covenants Not-to-Compete | | Customer Relationships | | Trade Names | | Total | Balance, December 31, 2021 | | | | | | | | Intangible assets | $ | 28,777 | | | $ | 115,005 | | | $ | 8,350 | | | $ | 152,132 | | Less accumulated amortization | (22,148) | | | (34,809) | | | (1,452) | | | (58,409) | | | $ | 6,629 | | | $ | 80,196 | | | $ | 6,898 | | | $ | 93,723 | |
Intangible amortization expense was $3,789 during the three months ended March 31, 2022 and $2,028 during the three months ended March 31, 2021. A summary of intangible amortization expense estimated for the five fiscal years following fiscal year 2021 and thereafter follows: | | | | | | | | Estimated Future Amortization Expense as of March 31, 2022 | | Fiscal year ending December 31, 2022 | $ | 12,404 | | Fiscal year ending December 31, 2023 | $ | 15,574 | | Fiscal year ending December 31, 2024 | $ | 14,855 | | Fiscal year ending December 31, 2025 | $ | 13,736 | | Fiscal year ending December 31, 2026 | $ | 12,102 | | Thereafter | $ | 32,193 | | | |
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