Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Note 6—Goodwill and Intangible Assets

The carrying amount of goodwill by reportable segment is as follows (in thousands):

	March 31,		December 31,
Reporting Segment	2020		2019
Power	$	26,194	$	26,194
Pipeline		52,415		52,415
Utilities		37,312		37,312
Transmission		59,032		59,032
Civil		40,150		40,150
Total Goodwill	$	215,103	$	215,103

The table below summarizes the intangible asset categories, amounts and the average amortization periods, which are on a straight-line basis (in thousands):

		March 31, 2020						December 31, 2019
	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Intangible assets, net		Gross Carrying Amount		Accumulated Amortization		Intangible assets, net
Tradename	9 years	$	16,040		(13,714)		2,326	$	16,040	$	(13,216)	$	2,824
Customer relationships	17 years		91,000		(26,128)		64,872		91,000		(24,353)		66,647
Non-compete agreements	5 years		1,900		(1,653)		247		1,900		(1,580)		320
Other	3 years		275		(260)		15		275		(237)		38
Total	16 years	$	109,215	$	(41,755)	$	67,460	$	109,215	$	(39,386)	$	69,829

Amortization expense of intangible assets was $2.4 million and $2.7 million for the three months ended March 31, 2020 and 2019, respectively. Estimated future amortization expense for intangible assets is as follows (in thousands):

	Estimated
	Intangible
	Amortization
For the Years Ending December 31,	Expense
2020 (remaining nine months)	$	6,448
2021		7,577
2022		6,416
2023		5,581
2024		4,862
Thereafter		36,576
	$	67,460