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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

9. INTANGIBLE ASSETS

The Company’s indefinite-lived intangible assets as recorded in the Consolidated Balance Sheets consisted of the following at December 31, 2019 and December 31, 2018:

 

 

 

 

 

 

Indefinite-Lived

 

    

Intangible Assets

Goodwill

 

$

11,112

Trademarks

 

 

32,868

Total

 

$

43,980

 

The Company’s amortizable intangible assets as recorded in the Consolidated Balance Sheets consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

December 31, 2019

 

December 31, 2018

 

 

Weighted

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

Average

 

Carrying

 

Accumulated

 

 

 

 

Carrying

 

Accumulated

 

 

 

 

    

Life (Years)

    

Amount

    

Amortization

    

Net

    

Amount

    

Amortization

    

Net

 

 

 

 

 

(Dollars in thousands)

 

(Dollars in thousands)

Amortizable intangible assets

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

Customer relationships

 

 

15

 

$

3,500

 

$

(2,061)

 

$

1,439

 

$

3,500

 

$

(1,828)

 

$

1,672

Total amortizable intangible assets

 

 

 

 

$

3,500

 

$

(2,061)

 

$

1,439

 

$

3,500

 

$

(1,828)

 

$

1,672

 

The amortizable intangible assets are included within other assets in the Consolidated Balance Sheets. See Note 10.

The Company recorded amortization expense for intangible assets of $233,000 in 2019 and $234,000 in 2018. Excluding the impact of any future acquisitions, the Company anticipates future amortization expense will be approximately $233,000 in each of the years 2020 through 2024,  and approximately $272,000 thereafter.