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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Gross Carrying Amounts of Goodwill

The changes in gross carrying amounts of goodwill are as follows (in thousands):

 

 

 

 

 

 

 

 

 

Goodwill

 

December 31, 2015

 

 

 

 

 

 

 

$

12,025

 

Goodwill adjustment

 

 

 

 

 

 

 

 

80

 

December 31, 2016

 

 

 

 

 

 

 

 

12,105

 

Goodwill acquired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

 

 

$

12,105

 

 

Summary of Gross Amounts and Accumulated Amortization of Identifiable Intangible Assets

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

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

Gross Amount

 

 

Accumulated Amortization

 

 

Gross Amount

 

 

Accumulated Amortization

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships (useful life of 6-15 years)

 

$

19,000

 

 

$

8,502

 

 

$

19,000

 

 

$

7,439

 

Covenants not-to-compete (useful life of 4-6 years)

 

 

4,425

 

 

 

4,209

 

 

 

4,425

 

 

 

4,001

 

Trademarks (useful life of 15 years)

 

 

1,500

 

 

 

292

 

 

 

1,500

 

 

 

192

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

24,925

 

 

$

13,003

 

 

$

24,925

 

 

$

11,632

 

 

Summary of Estimated Amortization Expense

Estimated amortization expense for the five succeeding years follows (in thousands):

 

 

 

 

 

 

 

 

 

Amount

 

2018

 

 

 

 

 

 

 

$

1,363

 

2019

 

 

 

 

 

 

 

 

1,180

 

2020

 

 

 

 

 

 

 

 

1,163

 

2021

 

 

 

 

 

 

 

 

1,163

 

2022

 

 

 

 

 

 

 

 

1,008