Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2016

Intangible Assets and Goodwill

Schedule of intangible assets

Intangible assets as of December 31, 2016 consisted of the following (in thousands):

	Amortization			Accumulated
	Period	Gross Amount		Amortization		Net Amount
Trade names	Indefinite	$	65,480	$	—	$	65,480
Customer relationships	7 to 15 Years		34,997		8,699		26,298
Non-compete agreements	3 Years		128		20		108
Total		$	100,605	$	8,719	$	91,886

Intangible assets as of December 31, 2015 consisted of the following (in thousands):

	Amortization			Accumulated
	Period	Gross Amount		Amortization		Net Amount
Trade names	Indefinite	$	26,037	$	—	$	26,037
Customer relationships	15 Years		19,800		6,014		13,786
Total		$	45,837	$	6,014	$	39,823

Schedule of estimated amortization expense

As of December 31, 2016, future amortization expense related to the finite-lived intangible assets is as follows (in thousands):

2017	$	2,965
2018		2,965
2019		2,945
2020		2,926
2021		2,921
Thereafter		11,684
	$	26,406

Schedule of goodwill

Goodwill consisted of the following as of December 31, 2016 and December 31, 2015 (in thousands):

	December 31, 2016		December 31, 2015
Beginning balance	$	2,286	$	2,286
Goodwill created by the RG Merger		3,638		—
Goodwill created by the acquisition of SWIMS		2,393		—
Foreign currency adjustment		(46)		—
Ending balance	$	8,271	$	2,286