Goodwill and Intangibles

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

NOTE 6 – GOODWILL AND INTANGIBLES

The carrying amount, including changes therein, of goodwill was as follows:

Balance as of December 31, 2019	$	85,125
Acquisitions		7,129
Disposals		-
Measurement period adjustments		-
Balance as of June 30, 2020	$	92,254

The Company did not recognize any impairments of goodwill in the three or six months ended June 30, 2020 or 2019.

Intangible assets as of June 30, 2020 and December 31, 2019 consist of the following:

	June 30, 2020							December 31, 2019							Remaining
	Gross amount		Accumulated amortization			Net book value		Gross amount		Accumulated amortization			Net book value		useful life (in years)
Definite life intangible assets:
Customer relationships	$	109,130	$	(28,940	)	$	80,190	$	106,620	$	(23,759	)	$	82,861		18.8
Tradenames		19,601		(11,487	)		8,114		18,620		(9,282	)		9,338		9.8
Non-competes		600		(503	)		97		600		(410	)		190		2.5
Total intangibles	$	129,331	$	(40,930	)	$	88,401	$	125,840	$	(33,451	)	$	92,389

Amortization expense for the three months ended June 30, 2020 and 2019 was $3.8 million and $3.7 million, respectively, and was $7.5 million and $7.6 million for the six months ended June 30, 2020 and 2019, respectively.

Amortization of intangible assets for the next five years and thereafter is expected to be as follows:

2020 (six months remaining)	$	6,984
2021		11,860
2022		11,267
2023		10,978
2024		10,924
Thereafter		36,388
	$	88,401