NOTE 7 – GOODWILL AND OTHER INTANGIBLE ASSETS

The following presents the Company's goodwill, intangible assets and related accumulated amortization as of December 31 (in thousands):


	2018		2017
Goodwill	$	24,811	$	24,811
Other intangibles	$	9,327	$	9,327
Less accumulated amortization on other intangibles		(8,925)		(8,094)
Other intangible assets, net	$	402	$	1,233

Amortization expense on definite-lived customer relationship and non-compete intangible assets for the years ended December 31, 2018 and 2017 was $0.8 million and $0.8 million.

At October 31, 2018 and December 31, 2018, the Company's reporting unit had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value including goodwill. The qualitative assessment indicated that it was more likely than not that the carrying value of the reporting unit exceeded its fair value. Therefore, the Company proceeded to complete the two-step impairment test.

Step 1 of the goodwill impairment analysis includes the determination of the carrying value of the reporting unit, including the existing goodwill, and estimating the fair value of the reporting unit. If the carrying amount of a reporting unit exceeds its fair value, we are required to perform the second step to the impairment test.

Our step 1 goodwill impairment analysis as of October 31, 2018 and December 31, 2018, indicated that the Step 2 analysis was unnecessary.

The following presents the expected amortization expense on definite-lived intangible assets for the next two years related to the balance of definite-lived intangible assets existing at December 31, 2018 (in thousands):


Year	Expense

2019	$	351
2020		51
Total	$	402