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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The Company recorded $139.3 million of goodwill in connection with the Merger with WRECO. As of December 31, 2018 and 2017, $139.3 million of goodwill is included in goodwill and other intangible assets, net, on each of the consolidated balance sheets. The Company's goodwill balance is included in the TRI Pointe Homes reporting segment in Note 2, Segment Information. We have two intangible assets as of December 31, 2018, comprised of an existing trade name from the acquisition of Maracay in 2006, which has a 20 year useful life, and a TRI Pointe Homes trade name resulting from the acquisition of WRECO in 2014, which has an indefinite useful life. Goodwill and other intangible assets consisted of the following (in thousands):
| December 31, 2018 |  | December 31, 2017
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Goodwill | $ | 139,304 |  |  | $ | — |  |  | $ | 139,304 |  |  | $ | 139,304 |  |  | $ | — |  |  | $ | 139,304 |
Trade names | 27,979 |  |  | (6,856 | ) |  | 21,123 |  |  | 27,979 |  |  | (6,322 | ) |  | 21,657 |
Total | $ | 167,283 |  |  | $ | (6,856 | ) |  | $ | 160,427 |  |  | $ | 167,283 |  |  | $ | (6,322 | ) |  | $ | 160,961 |
The remaining useful life of our amortizing intangible asset related to Maracay was 7.2 and 8.2 years as of December 31, 2018 and 2017, respectively. Amortization expense related to this intangible asset was $534,000 for each of the years ended December 31, 2018 and 2017, and was charged to sales and marketing expense. Our $17.3 million indefinite life intangible asset related to TRI Pointe Homes trade name is not amortizing. All trade names are evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. Expected amortization of our intangible asset related to Maracay for the next five years and thereafter is (in thousands):
2019 | $ | 534 |
2020 | 534 |
2021 | 534 |
2022 | 534 |
2023 | 534 |
Thereafter | 1,153 |
Total | $ | 3,823 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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