Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

The following tables summarizes the intangible assets and amortization expense for the period ended March 31, 2019 (in thousands):



	March 31, 2019
	Amortization period (years)	Gross Amount		Accumulated Amortization		Net intangible assets
Trade name	Indefinite	$	5,000	$	—	$	5,000
Non-compete agreement	2	140		20		120
Customer relationships	10	12,900		546		12,354
Total intangible assets		$	18,040	$	566	$	17,474

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



	Trucking		USAT Logistics
Balance at December 31, 2018	$	4,926	$	—
Working capital adjustment	305		—
Balance at March 31, 2019	$	5,231	$	—

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



2019	$	996
2020	1,346
2021	1,288
2022	1,288
2023	1,288
2024	1,288
Thereafter	4,980
Total	$	12,474