GOODWILL AND INTANGIBLE ASSETS

The change in the carrying amount of goodwill during the nine months ended December 31, 2018 is as follows (in thousands):



Balance as of March 31, 2018	$	—
Acquisition of Fitlosophy	1,390
Impairment charge	(1,390		)
Balance as of December 31, 2018	$	—

The gross carrying amount and accumulated amortization of other intangible assets is as follows (in thousands):



	December 31, 2018				March 31, 2018				December 31, 2017
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Tradenames and trademarks	$	24,353	$	—	$	24,353	$	—	$	28,153	$	—
Customer relationships	48,657		22,955		48,657		19,976		49,957		18,998
Favorable lease contracts	3,882		837		3,882		299		3,882		120
Trademarks	2,435		572		403		393		403		384
Patents	1,164		1,027		1,164		941		1,164		913
Non-compete	530		430		530		351		530		324
	$	81,021	$	25,821	$	78,989	$	21,960	$	84,089	$	20,739

With the acquisition of substantially all of the business and net assets of Fitlosophy on June 1, 2018, the Company recorded intangible assets of $2,032,000 relating to trademarks which are being amortized over the estimated useful life of seven years.

Amortization expense related to intangible assets was $1,294,000 and $1,130,000 for the quarters ended December 31, 2018 and 2017, respectively, and was $3,861,000 and $2,811,000 for the nine months ended December 31, 2018 and 2017, respectively. Based on the current composition of intangibles, amortization expense for the remainder of fiscal 2019 and each of the succeeding four years is projected to be as follows (in thousands):



Remainder of fiscal 2019	$	1,293
Fiscal 2020	5,041
Fiscal 2021	4,554
Fiscal 2022	4,458
Fiscal 2023	3,741