Intangible Assets

12 Months Ended

Dec. 31, 2017

Intangible Assets [Abstract]

Intangible Assets

(8)Intangible Assets

The Company’s intangible assets as of December 31, 2017 and 2016 were as follows (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
December 31, 2017
Trademarks and tradenames	$	1,786	$	(1,411)	$	375
Customer relationships		9,344		(1,996)		7,348
	$	11,130	$	(3,407)	$	7,723
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

Amortization expense recorded for the years ended December 31, 2017, 2016 and 2015 was $2.0 million, $1.4 million and $0.2 million, respectively, and was included in administrative expenses in the consolidated statements of income.

As of December 31, 2017, estimated future amortization expenses are as follows (in thousands):

2018	$	1,984
2019		1,609
2020		1,609
2021		1,518
2022		474
2023 and thereafter		529
	$	7,723