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Note 12 - Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
12.
Goodwill and Other Intangible Assets
 
As discussed in Note
11,
Acquisitions, in
first
quarter
2019,
we recorded additional goodwill of approximately
$28.4
million and additional finite-lived intangible assets of approximately
$65.5
million in connection with the Cory acquisition. Total goodwill was
$68.5
million and
$40.1
million at
March 31, 2019,
and
December 31, 2018,
respectively. All goodwill is assigned to our Dedicated Contract Services® business segment and
no
impairment losses have been recorded for goodwill as of
March 31, 2019.
Prior to the Cory acquisition, our intangible assets consisted of those arising from a previous business acquisition and our purchased LDC network access, both within our Dedicated Contract Services® segment. Identifiable intangible assets consist of the following (in millions):
 
                 
Weighted Average
                 
Amortization
   
March 31, 2019
   
December 31, 2018
 
Period
Finite-lived intangibles:
                 
Non-competition agreements
  $
1.2
    $
0.2
 
6.7
Customer relationships
   
139.8
     
75.3
 
10.0
LDC Network
   
10.5
     
10.5
 
10.0
Total finite-lived intangibles
   
151.5
     
86.0
 
 
Less accumulated amortization
   
(23.1
)    
(20.9
)
 
Total identifiable intangible assets, net
  $
128.4
    $
65.1
 
 
 
Our finite-lived intangible assets have
no
assigned residual values.
 
Intangible asset amortization expense was
$
2.2
million for the
first
quarter
2019
and
2018.
Estimated amortization expense for our finite-lived intangible assets is expected to be approximately
$12.8
million for
2019
and
$
14.2
million for
2020
through
2023.
Actual amounts of amortization expense
may
differ from estimated amounts due to additional intangible asset acquisitions, impairment or accelerated amortization of intangible assets, and other events.