Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

There was no change to the carrying amount of goodwill of $12.1 million for fiscal years ending December 31, 2023, 2022 and 2021, respectively.

The gross amounts and accumulated amortization of identifiable intangible assets are as follows (in thousands):

	December 31, 2023				December 31, 2022
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortizable intangible assets:
Customer relationships (useful life of 6-15 years)	$	19,000	$	14,417	$	19,000	$	13,664
Trademarks (useful life of 15 years)		1,500		892		1,500		792
Total	$	20,500	$	15,309	$	20,500	$	14,456

Amortization expense for intangible assets was $0.9 million for 2023, $1.0 million in 2022 and $1.2 million in 2021. Estimated amortization expense for the next five years is as follows (in thousands):

	Amount
2024	$	853
2025		853
2026		853
2027		853
2028		853