Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.19.1
Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill as of March 31, 2019 and December 31, 2018 was $196.3 million and $197.9 million, respectively.  In 2019, we recorded measurement period adjustments of $1.6 million. Refer to Note E herein for further detail.
Intangible assets as of March 31, 2019 and December 31, 2018 consisted of the following (in thousands): 
    March 31, 2019
  Amortization
Period
Cost Accumulated
Amortization
Net
Trade Name 12-24 months $ 3,675  $ 3,211  $ 464 
Non-Compete Agreement 24 months 27  21 
Customer Relationships 180 months 142,000  19,185  122,815 
Trade Name - Indefinite-lived —  14,559  —  14,559 
Total   $ 160,261  $ 22,417  $ 137,844 
 
    December 31, 2018
  Amortization
Period
Cost Accumulated
Amortization
Net
Trade Name 12-24 months $ 3,675  $ 3,042  $ 633 
Non-Compete Agreement 24 months 27  18  $
Customer Relationships 180 months 141,626  16,798  $ 124,828 
Trade Name - Indefinite-lived —  14,559  —  14,559 
Total $ 159,887  $ 19,858  $ 140,029 
 
We recorded approximately $2.6 million and $1.4 million in straight-line amortization expense of intangible assets for the three month periods ended March 31, 2019 and 2018, respectively.  The Company records amortization expense as a general and administrative expense.  
The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of March 31, 2019 is as follows (in thousands):
 
Remainder of 2019  $ 7,549 
2020  9,467 
2021  9,467 
2022  9,467 
2023  9,467 
Thereafter 77,868 
Total $ 123,285