GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the changes in goodwill for the nine months ended September 30, 2020 (in thousands):

	2020
Beginning Balance, January 1	$	702,070
Goodwill from EnerConnex Acquisition (see Note 17)	4,890
Ending Balance, September 30	$	706,960

Schedule of Identifiable Intangible Assets

SJI's identifiable intangible assets were as follows (in thousands):

	As of September 30, 2020
	Gross Cost		Accumulated Amortization		Identifiable Intangible Assets, Net
Identifiable intangible assets subject to amortization:
Customer Relationships	$	6,900	$	(223)	$	6,677
AMA	19,200		(11,520)		7,680
Total	$	26,100	$	(11,743)	$	14,357

	As of December 31, 2019
	Gross Cost		Accumulated Amortization		Identifiable Intangible Assets, Net
Identifiable intangible assets subject to amortization:
Customer Relationships	$	2,400	$	(53)	$	2,347
AMA	19,200		(7,680)		11,520
Total	$	21,600	$	(7,733)	$	13,867

Schedule of Future Amortization Expense Related to Identifiable Intangible Assets

As of September 30, 2020, SJI's estimated amortization expense related to identifiable intangible assets for each of the five succeeding fiscal years is as follows (in thousands):

Year ended December 31,	SJI
2020 (remaining three months)	$	1,395
2021	$	5,580
2022	$	1,740
2023	$	460
2024	$	460