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Goodwill and Intangibles

12 Months Ended

Dec. 31, 2021

NOTE 6 – GOODWILL AND INTANGIBLES

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

Balance as of December 31, 2020	$	109,001
Acquisitions		16,238
Disposals		-
Measurement period adjustments		(891	)
Balance as of December 31, 2021	$	124,348

The Company did not recognize any impairments of goodwill during the years ended December 31, 2021 or 2020.

Intangible assets as of December 31, 2021 and 2020 consist of the following:

	December 31, 2021							December 31, 2020							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	$	149,917	$	(47,310	)	$	102,607	$	117,185	$	(34,214	)	$	82,971	7.5
Tradenames		25,580		(20,890	)		4,690		21,761		(18,759	)		3,002	2.1
Non-competes		600		(583	)		17		600		(565	)		35	0.8
Total intangibles	$	176,097	$	(68,783	)	$	107,314	$	139,546	$	(53,538	)	$	86,008

Amortization expense was $15.2 million and $20.1 million for the years ended December 31, 2021 and 2020, respectively.

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