9.Goodwill and Intangible Assets

Goodwill

The table below summarizes changes in goodwill recorded by the Company during the periods ended September 30, 2019 and December 31, 2018, respectively:


	September 30,		December 31,
	2019		2018
Beginning balance, January 1	$	—	$	69,483
Impairments		—		(69,483)
Ending balance	$	—	$	—

In the fourth quarter of 2018, the Company’s annual goodwill impairment test indicated that its goodwill was fully impaired, primarily due to a decline in the Company’s market capitalization and as a result it incurred a goodwill impairment charge of $69.5 million with $33.8 million related to the Marine segment and $35.7 million related to the Concrete segment.

Intangible assets

The tables below present the activity and amortization of finite-lived intangible assets:


	September 30,		December 31,
	2019		2018
Finite-lived intangible assets, January 1	$	35,240	$	35,240
Additions		—		—
Total finite-lived intangible assets, end of period		35,240		35,240

Accumulated amortization, January 1	$	(27,345)	$	(23,956)
Current year amortization		(1,980)		(3,389)
Total accumulated amortization		(29,325)		(27,345)

Net finite-lived intangible assets, end of period	$	5,915		7,895
Infinite-lived intangible assets		6,892		6,892
Total net intangible assets	$	12,807	$	14,787

Remaining net finite-lived intangible assets were acquired as part of the purchase of TAS during 2015 and included customer relationships. Customer relationships were valued at approximately $18.1 million and are being amortized over eight years using an accelerated method based on the pattern in which the economic benefits of the assets are consumed. For the nine months ended September 30, 2019, $2.0 million of amortization expense was recognized for these assets.

The Company has one infinite-lived intangible asset, as described in Note 2. At September 30, 2019 no indicators of impairment existed

Future expense remaining related to the finite-lived intangibles of approximately $5.9 million will be amortized as follows:


2019		660
2020		2,069
2021		1,521
2022		1,239
2023		389
Thereafter		37
	$	5,915