Goodwill And Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

6. GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying value of goodwill consist of the following:

Balance, December 31, 2018	$	176,031
Measurement Period Adjustment (a)		(5,117	)
Balance, June 30, 2019	$	170,914

(a) During the six months ended June 30, 2019, the Company recorded $5.1 million of measurement period adjustments related to the acquisition of CamberView.

Intangible Assets, Net consists of the following:

	June 30,			December 31,
	2019			2018
Finite-Lived Intangible Assets
Customer Relationships	$	62,876		$	62,876
Trade Name		9,900			9,900
Total Intangible Assets		72,776			72,776
Accumulated Amortization
Customer Relationships		(24,659	)		(21,501	)
Trade Name		(2,925	)		(2,115	)
Total Accumulated Amortization		(27,584	)		(23,616	)
Intangible Assets, Net	$	45,192		$	49,160

Amortization expense was $2.0 million and $4.0 million for the three and six months ended June 30, 2019, respectively, and $0.6 million and $1.2 million for the three and six months ended June 30, 2018, respectively.

Amortization of intangible assets held at June 30, 2019 is expected to be $4.0 million for the remainder of the year ending December 31, 2019; $7.9 million for the years ending December 31, 2020 and 2021; $6.7 million for the year ending December 31, 2022; and $5.1 million for the year ending December 31, 2023.