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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Intangible Assets

Changes in the carrying amount of intangible assets are as follows:

 

 

March 31, 2020

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Amortization

 

 

Intangible Assets, net

 

 

Weighted Average Amortization Period

 

 

(in thousands)

 

 

 

Stream mitigation rights

 

$

2,328

 

 

$

(971

)

 

$

(20

)

 

$

1,337

 

 

17 years

Customer relationships

 

 

51,537

 

 

 

(19,264

)

 

 

(1,879

)

 

 

30,394

 

 

4 years

Intangible assets, net

 

$

53,865

 

 

$

(20,235

)

 

$

(1,899

)

 

$

31,731

 

 

5 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Impairment

 

 

Intangible Assets, net

 

 

Weighted Average Amortization Period

 

 

(in thousands)

 

 

 

Stream mitigation rights

 

$

4,170

 

 

$

(971

)

 

$

(1,842

)

 

$

1,357

 

 

17 years

Customer relationships

 

 

73,000

 

 

 

(19,264

)

 

 

(21,463

)

 

 

32,273

 

 

4 years

Intangible assets, net

 

$

77,170

 

 

$

(20,235

)

 

$

(23,305

)

 

$

33,630

 

 

5 years

Summary of Estimated Amortization Expense Related to Intangible Assets

The estimated amortization expense related to intangible assets for the five succeeding years is as follows:

  

 

 

Amortization

 

 

 

(in thousands)

 

2020

 

$

5,489

 

2021

 

 

7,388

 

2022

 

 

7,388

 

2023

 

 

7,388

 

2024

 

 

3,125

 

Thereafter

 

 

953

 

Total

 

$

31,731