Intangible Assets

12 Months Ended

Dec. 31, 2018

Intangible Assets [Abstract]

Intangible Assets

(6)  Intangible Assets

The Company’s intangible assets as of December 31, 2018 and 2017 were as follows (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
December 31, 2018
Trademarks and tradenames	$	1,786	$	(1,786)	$	-
Customer relationships		9,344		(3,611)		5,733
	$	11,130	$	(5,397)	$	5,733
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

Amortization expense was $2.0 million for both the years ended December 31, 2018 and 2017, and $1.4 million for the year ended December 31, 2016, and was included in administrative expenses in the consolidated statements of income.

As of December 31, 2018, estimated future amortization expenses are as follows (in thousands):

2019	$	1,609
2020		1,609
2021		1,516
2022		474
2023		457
2024 and thereafter		68
	$	5,733