XML 44 R18.htm IDEA: XBRL DOCUMENT

Intangible Assets, net

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net

10. Intangible Assets, net

Intangible assets include customer relationships and contracts associated with various business and asset acquisitions. These acquired intangible assets were recorded at fair value determined as of the acquisition date and are being amortized over the period we expect to benefit from the assets. Intangible assets, net consisted of the following (in thousands):


		December 31, 2020						December 31, 2019
		Gross						Gross
		Carrying			Accumulated			Carrying			Accumulated
		Amount			Amortization			Amount			Amortization
Customer-related (10-25 year life)		$	147,169		$	(86,512)		$	147,244		$	(76,176)
Contract-based (5-7 year life)			37,730			(36,856)			37,773			(31,370)
Intangible assets		$	184,899		$	(123,368)		$	185,017		$	(107,546)

Amortization expense of these intangible assets totaled $15.6 million, $15.3 million and $16.5 million during the years ended December 31, 2020, 2019 and 2018, respectively.

Estimated future intangible assets amortization expense as of December 31, 2020 was as follows (in thousands):


2021		$	11,372
2022			9,171
2023			7,318
2024			6,158
2025			3,947
Thereafter			23,565
Total		$	61,531