Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

As of December 31, 2019, and 2018, the balances of goodwill and intangible assets were as follows:

(in $000s)	Amortization Period	Gross Amount		Accumulated Amortization			Net Intangible Assets
December 31, 2019
Goodwill		$	238,195	$	—		$	238,195
Other intangible assets, net:
Nesco trade name	Indefinite	28,000		—			28,000
Trade names	15 years	1,030		(128		)	902
Non-compete agreements	3 years	380		(245		)	135
Customer relationships	15-20 years	52,880		(11,365		)	41,515
Total other intangible assets, net		82,290		(11,738		)	70,552
Goodwill and other intangible assets, net		$	320,485	$	(11,738	)	$	308,747

(in $000s)	Amortization Period	Gross Amount		Accumulated Amortization			Net Intangible Assets
December 31, 2018
Goodwill		$	228,714	$	—		$	228,714
Other intangible assets, net:
Nesco trade name	Indefinite	28,000		—			28,000
Trade names	15 years	1,030		(59		)	971
Non-compete agreements	3 years	380		(130		)	250
Customer relationships	15-20 years	50,060		(8,541		)	41,519
Total other intangible assets, net		79,470		(8,730		)	70,740
Goodwill and other intangible assets, net		$	308,184	$	(8,730	)	$	299,454

Schedule of Amortization Expense on Intangibles

As of December 31, 2019, our estimated amortization expense for other intangible assets for each of the next five years and thereafter is estimated to be as follows:

(in $000s)
2020		$	3,060
2021		2,988
2022		2,988
2023		2,979
2024		188
Thereafter		30,349
Total	$	42,552