Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2017 and 2016 are as follows:

	September 30,
	2017			2016
Balance at beginning of period	$	14,254		$	3,413
Acquisitions	46,109			10,841
Adjustments to finalize purchase price allocation	(684		)	—
Impairment	—			—
Balance at end of period	$	59,679		$	14,254

Schedule of Intangible Assets and Goodwill

The following is a summary of intangible assets excluding goodwill recorded as other assets at September 30, 2017 and December 31, 2016:

	September 30, 2017		December 31, 2016
Intangible assets subject to amortization	$	51,554	$	9,064
Indefinite-lived intangible assets(1)	3,555		3,307
Total	$	55,109	$	12,371

⁽¹⁾ Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Intangible assets subject to amortization consisted of the following:

	Weighted-average remaining amortization period (in years)	Gross carrying amount		Accumulated amortization			Net carrying amount
September 30, 2017
Value of Business Acquired	0.5	$	42,788	$	(25,882	)	$	16,906
Agency agreements acquired	8.2	34,661		(5,546		)	29,115
Trade names acquired	6.2	6,381		(848		)	5,533
Total		$	83,830	$	(32,276	)	$	51,554
December 31, 2016
Value of Business Acquired	0.3	$	8,975	$	(7,867	)	$	1,108
Agency agreements acquired	3.8	10,284		(2,784		)	7,500
Trade names acquired	2.1	720		(264		)	456
Total		$	19,979	$	(10,915	)	$	9,064

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense of our intangible assets to be recognized by the Company over the next five years is as follows:

Year ending December 31,	Estimated Amortization Expense
Remaining 2017	$	11,818
2018	13,920
2019	5,355
2020	4,267
2021	3,555
2022	3,246