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Goodwill and Intangible Assets, Net
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
For the purposes of the goodwill impairment assessment, the company as a whole is considered to be the reporting unit. The fair value of the reporting unit is estimated using a combination of three approaches, all equally weighted: a) discounted cash flow analysis (income approach), b) fair value of comparable transactions (transaction approach) and c) enterprise value to revenue multiple for comparable companies (market approach). Potential impairment is indicated when the carrying value of a reporting unit exceeds its estimated fair value. The Company’s carrying amount of goodwill at December 31, 2020 and 2019 is approximately $118.7 million. As discussed in Note 1 “Organization and Summary of Significant Accounting Policies,” the Company tested goodwill for impairment as of October 1, 2020 and 2019 and the fair value of the reporting unit exceeded the carrying value and therefore, during the years ended December 31, 2020 and 2019, there were no changes in the recognized amounts of goodwill.
A summary of the Company’s intangible assets is as follows:
December 31, 2020December 31, 2019
(Dollars in thousands)Intangible
Assets		Accumulated AmortizationIntangible
Asset		Accumulated Amortization
Trade names$4,600 $1,457 $4,600 $1,227 
Consumer customer relationships2,500 1,583 2,500 1,333 
PMG customer relationships600 158 600 134 
Management Service Agreement (Complete MD)2,200 722 2,200 584 
9,900 $3,920 9,900 $3,278 
Less accumulated amortization.(3,920)(3,278)
Intangible assets, net.$5,980 $6,622 
The remaining weighted average life of all amortizable intangible assets is approximately 10.75 years at December 31, 2020.
Amortization expense for intangible assets was approximately $0.6 million for the years ended December 31, 2020, 2019 and 2018.
Estimated amortization expense for the Company’s intangible assets for the following five years is as follows:
Year ending December 31:(Dollars in Thousands)
2021$643 
2022643 
2023643 
2024559 
2025393 
Thereafter3,099 
Total$5,980 
Goodwill and Intangible Assets, Net For the purposes of the goodwill impairment assessment, the Company as a whole is considered to be the reporting unit. The fair value of the reporting unit is estimated using a combination of three approaches, all equally weighted: a) discounted cash flow analysis (income approach), b) fair value of comparable transactions (transaction approach) and c) enterprise value to revenue multiple for comparable companies (market approach). Potential impairment is indicated when the carrying value of a reporting unit exceeds its estimated fair value. The Company’s carrying value of goodwill at September 30, 2021 and December 31, 2020 is approximately $118.7 million. The most recently completed annual impairment test of goodwill was performed as of October 1, 2020 and the fair value of the reporting unit exceeded the carrying value and therefore it was determined that no impairment existed. No indicators of impairment were identified during the nine months ended September 30, 2021 and 2020.
A summary of the Company’s intangible assets is as follows:
September 30, 2021December 31, 2020
(Dollars in thousands)Intangible
Assets 		Accumulated
Amortization 		Intangible
Assets 		Accumulated
Amortization
Trade names $4,600 $1,629 $4,600 $1,457 
Consumer customer relationships $2,500 $1,771 $2,500 $1,583 
PMG customer relationships $600 $177 $600 $158 
Management Service Agreement (Complete MD) $2,200 $825 $2,200 $722 
$9,900 $4,402 $9,900 $3,920 
Less accumulated amortization $(4,402)$(3,920)
Intangible assets, net $5,498 $5,980 
The remaining weighted average life of all amortizable intangible assets is approximately 10 years at September 30, 2021.
Amortization expense for intangible assets was approximately $0.2 million for both the three months ended September 30, 2021 and 2020, respectively, and $0.5 million for both the nine months ended September 30, 2021 and 2020, respectively.
Estimated amortization expense for the Company’s intangible assets for the following five years is as follows:
(Dollars in Thousands)
Remainder of 2021$160 
2022643 
2023643 
2024559 
2025393 
Thereafter3,100 
Total$5,498