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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible assets Goodwill and Intangible Assets
A summary of goodwill and intangible assets at September 30, 2019 and December 31, 2018 is as follows: 
September 30, 2019
 
Weighted
average
amortization
period (years)
 
Gross
carrying
amount
 
Accumulated
amortization
 
Net carrying
Amount
Customer relationships
 
11.0
 
$
173,093

 
(108,948
)
 
$
64,145

Noncompete agreements
 
5.0
 
14,500

 
(14,500
)
 
—

Order backlog
 
0.4
 
3,400

 
(3,400
)
 
—

Reacquired franchise rights
 
7.7
 
28,089

 
(11,259
)
 
16,830

 
 
 
 
219,082

 
(138,107
)
 
80,975

Indefinite-lived intangible:
 
 
 
 
 
 
 
 
Trade and brand names
 
N/A
 
146,600

 
—

 
146,600

Total intangible assets
 
 
 
$
365,682

 
$
(138,107
)
 
$
227,575

Goodwill
 
 
 
$
206,752

 
$
—

 
$
206,752

 
 
December 31, 2018
 
Weighted
average
amortization
period (years)
 
Gross
carrying
amount
 
Accumulated
amortization
 
Net carrying
Amount
Customer relationships
 
11.0
 
$
173,063

 
$
(99,439
)
 
$
73,624

Noncompete agreements
 
5.0
 
14,500

 
(14,500
)
 
—

Favorable leases
 
8.0
 
4,017

 
(2,345
)
 
1,672

Order backlog
 
0.4
 
3,400

 
(3,400
)
 
—

Reacquired franchise rights
 
7.0
 
21,349

 
(8,615
)
 
12,734

 
 
 
 
216,329

 
(128,299
)
 
88,030

Indefinite-lived intangible:
 
 
 
 
 
 
 
 
Trade and brand names
 
N/A
 
146,300

 
—

 
146,300

Total intangible assets
 
 
 
$
362,629

 
$
(128,299
)
 
$
234,330

Goodwill
 
 
 
$
199,513

 
$
—

 
$
199,513


 
In connection with the adoption of ASC 842, as of January 1, 2019, the Company has derecognized the favorable leases intangible asset, and the favorable leases balance is now included in the ROU asset, net balance (Note 16). The Company determined that no impairment charges were required during any periods presented and the increase to goodwill was due to the acquisition of four franchisee-owned stores on May 30, 2019 (Note 4).
 
Amortization expense related to the intangible assets totaled $4,160 and $4,027 for the three months ended September 30, 2019 and 2018, respectively and $12,186 and $12,052 for the nine months ended September 30, 2019 and 2018, respectively. The anticipated annual amortization expense related to intangible assets to be recognized in future years as of September 30, 2019 is as follows:
 
Amount
Remainder of 2019
$
4,146

2020
14,968

2021
15,053

2022
15,280

2023
15,185

Thereafter
16,343

Total
$
80,975