Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

NOTE 5. INTANGIBLE ASSETS AND GOODWILL

The following tables summarizes the intangible assets and amortization expense for the year ended December 31, 2018 (in thousands):

	2018
	Amortization period (years)	Gross Amount		Accumulated Amortization		Net intangible assets
Trade name	Indefinite	$	5,000	$	—	$	5,000
Non-compete agreement	2	140		10		130
Customer relationships	10	12,900		193		12,707
Total intangible assets		$	18,040	$	203	$	17,837

Changes in carrying amount of goodwill by reportable segment is as follows (in thousands):

	Trucking		USAT Logistics
Balance at December 31, 2017	$	—	$	—
Acquisition goodwill	4,926		—
Balance at December 31, 2018	$	4,926	$	—

The above intangible assets have a weighted average life of 119 months. The expected amortization of these assets for the next five successive years and thereafter is as follows (in thousands):

2019	$	1,360
2020	1,346
2021	1,288
2022	1,288
2023	1,288
Thereafter	6,267
Total	$	12,837