Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible assets

Goodwill and Intangible Assets

A summary of goodwill and intangible assets at March 31, 2020 and December 31, 2019 is as follows: 

March 31, 2020	Weighted average amortization period (years)	Gross carrying amount		Accumulated amortization			Net carrying Amount
Customer relationships	11.0	$	174,033	$	(115,313	)	$	58,720
Reacquired franchise rights	8.0	37,660		(13,271		)	24,389
		211,693		(128,584		)	83,109
Indefinite-lived intangible:
Trade and brand names	N/A	146,600		—			146,600
Total intangible assets		$	358,293	$	(128,584	)	$	229,709
Goodwill		$	227,821	$	—		$	227,821

December 31, 2019	Weighted average amortization period (years)	Gross carrying amount		Accumulated amortization			Net carrying Amount
Customer relationships	11.0	$	174,033	$	(112,114	)	$	61,919
Reacquired franchise rights	8.0	37,660		(12,258		)	25,402
		211,693		(124,372		)	87,321
Indefinite-lived intangible:
Trade and brand names	N/A	146,600		—			146,600
Total intangible assets		$	358,293	$	(124,372	)	$	233,921
Goodwill		$	227,821	$	—		$	227,821

 The Company determined that no impairment charges were required during any periods presented.

Amortization expense related to the intangible assets totaled $4,223 and $4,005 for the three months ended March 31, 2020 and 2019, respectively. The anticipated annual amortization expense related to intangible assets to be recognized in future years as of March 31, 2020 is as follows:

	Amount
Remainder of 2020	$	12,634
2021	16,636
2022	16,728
2023	16,558
2024	14,067
Thereafter	6,486
Total	$	83,109