Other Intangible, Net and Goodwill

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Other Intangibles, Net and GoodwillAll intangible assets determined to have finite lives are amortized over their estimated useful lives. The useful life of an intangible asset is the period over which the asset is expected to contribute directly or indirectly to future cash flows. There was no change in the gross amount of identifiable intangible assets during the three and six months ended June 30, 2021. Amortization expense of $0.6 million and $0.6 million for the three months ended June 30, 2021 and 2020, respectively, was included in depreciation and amortization in the consolidated statements of comprehensive income. Amortization expense of $1.2 million and $1.2 million for the six months ended June 30, 2021 and 2020, respectively, was included in depreciation and amortization in the consolidated statements of comprehensive income. Intangible assets subject to amortization consisted of the following at June 30, 2021:

	Amortization period (years)	Gross Amount		Accumulated Amortization		Net intangible assets
		(in thousands)
Customer relationships	15-20	$	23,000	$	5,187	$	17,813
Tradename	0.5-6	12,900		8,980		3,920
Covenants not to compete	1-10	5,300		3,483		1,817
		$	41,200	$	17,650	$	23,550

The carrying amount of goodwill was $168.3 million at June 30, 2021 and December 31, 2020, respectively.