XML 123 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill abstract  
Goodwill and Intangible Assets

Note 5. Goodwill and Intangible Assets

The following table presents changes in goodwill, all of which has been allocated to the GDSO segment (in thousands):

 

 

 

 

 

 

 

Total

 

Balance at December 31, 2018

 

$

327,406

 

Dispositions (1)

 

 

(2,932)

 

Balance at December 31, 2019

 

$

324,474

 


(1)

Dispositions represent derecognition of goodwill associated with the sale and disposition of certain assets (see Note 7).

 

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

Net

 

 

 

 

 

Carrying

 

Accumulated

 

Intangible

 

Amortization

 

 

 

Amount

 

Amortization

 

Assets

 

Period

 

At December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Terminalling services

 

$

26,365

 

$

(16,429)

 

$

9,936

 

20 years

 

Customer relationships

 

 

43,986

 

 

(41,630)

 

 

2,356

 

2-15 years

 

Supply contracts

 

 

87,578

 

 

(54,655)

 

 

32,923

 

5-15 years

 

Other intangible assets

 

 

5,195

 

 

(3,645)

 

 

1,550

 

3-20 years

 

Total intangible assets

 

$

163,124

 

$

(116,359)

 

$

46,765

 

 

 

At December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Terminalling services

 

$

26,365

 

$

(15,093)

 

$

11,272

 

20 years

 

Customer relationships

 

 

43,986

 

 

(41,195)

 

 

2,791

 

2-15 years

 

Supply contracts

 

 

87,578

 

 

(46,430)

 

 

41,148

 

5-15 years

 

Other intangible assets

 

 

8,575

 

 

(5,254)

 

 

3,321

 

1-20 years

 

Total intangible assets

 

$

166,504

 

$

(107,972)

 

$

58,532

 

 

 

The aggregate amortization expense was approximately $11.4 million, $11.0 million and $9.2 million for the years ended December 31, 2019, 2018 and 2017, respectively. In addition, the Partnership recognized amortization expense related to leasehold interests of $0,  $0.3 million and $0.6 million in 2019, 2018 and 2017, respectively.

The estimated annual intangible asset amortization expense for future years ending December 31 is as follows (in thousands):

 

 

 

 

 

2020

    

$

10,839

 

2021

 

 

10,434

 

2022

 

 

7,199

 

2023

 

 

6,768

 

2024

 

 

5,103

 

Thereafter

 

 

6,422

 

Total intangible assets

 

$

46,765