Intangible Assets

12 Months Ended

Dec. 31, 2016

Intangible Assets [Abstract]

Intangible Assets

(8)Intangible Assets

The Company’s intangible assets as of December 31, 2016 and 2015 were as follows (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
December 31, 2016
Trademarks and tradenames	$	3,028	$	(1,850)	$	1,178
Customer relationships		9,344		(831)		8,513
	$	12,372	$	(2,681)	$	9,691
December 31, 2015
Trademarks and tradenames	$	1,840	$	(1,218)	$	622
Customer relationships		620		(19)		601
	$	2,460	$	(1,237)	$	1,223

Amortization expense recorded for the years ended December 31, 2016, 2015 and 2014 was $1.4 million, $0.2 million and $0.4 million, respectively, and was included in administrative expenses in the consolidated statements of income.

As of December 31, 2016, estimated future amortization expenses are as follows (in thousands):

2017	$	1,968
2018		1,544
2019		1,167
2020		1,167
2021		1,167
2022 and thereafter		2,678
	$	9,691