INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 4. INTANGIBLE ASSETS

The following tables summarize intangible assets and customer relationships for the years ended December 31, 2021 and 2020:

	December 31, 2021
	Amortization
	period	Gross		Accumulated		Net intangible
	(years)	Amount		Amortization		assets
	(dollars in thousands)
Trade name	indefinite	$	5,000	$	—	$	5,000
Customer relationships	10		12,900		4,085		8,815
Total intangible assets		$	17,900	$	4,085	$	13,815

	December 31, 2020
	Amortization
	period	Gross		Accumulated		Net intangible
	(years)	Amount		Amortization		assets
	(dollars in thousands)
Trade name	indefinite	$	5,000	$	—	$	5,000
Customer relationships	10		12,900		2,795		10,105
Total intangible assets		$	17,900	$	2,795	$	15,105

Amortization expense was $1.3 million for each of the years ended December 31, 2021 and 2020.

The above customer relationships and intangible assets have a remaining life of 82 months.  The expected amortization of these assets for the next five successive years and thereafter is as follows:

	(in thousands)
2022	$	1,290
2023		1,290
2024		1,290
2025		1,290
2026		1,290
Thereafter		2,365
Total	$	8,815

Goodwill was $5.2 million as of December 31, 2021 and 2020, and has been allocated to the Trucking segment.