Intangibles and Goodwill (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Roll-forward of goodwill

The following is a roll-forward of goodwill from December 31, 2015 to March 31, 2016:

Balance as of December 31, 2015	$	308,490,588
Command acquisition, purchase price adjustment	(1,176,417		)
Balance as of March 31, 2016	$	307,314,171

Summary of amortizable intangible assets

The following is a summary of amortizable intangible assets as of March 31, 2016 and December 31, 2015:

	March 31, 2016			December 31, 2015			Weighted-Average Life
Customer relationships	$	145,138,979		$	145,138,979		14.8 years
Carrier relationships	18,300,000			18,300,000			17.0 years
Noncompete agreements	5,239,000			5,239,000			6.7 years
Trade names	5,640,000			5,640,000			4.0 years
	174,317,979			174,317,979			14.4 years
Less accumulated amortization	(30,784,159		)	(26,785,810		)
Intangible assets, net	$	143,533,820		$	147,532,169

Estimated amortization expense for the next five years and thereafter

The estimated amortization expense for the next five years and thereafter is as follows:

Remainder of 2016	$	11,806,079
2017	14,243,799
2018	12,861,305
2019	11,470,909
2020	10,638,587
Thereafter	82,513,141
Total	$	143,533,820