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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets    Goodwill represents the excess of the purchase price and related costs over the fair value of the net tangible and intangible assets of businesses acquired.
    The carrying amount of our goodwill by segment is as follows:
Building
Materials
Distribution

Wood
Products
Total
(thousands)
Balance at December 31, 2021 and 2020$11,792 $48,590 $60,382 

    At December 31, 2021 and 2020, intangible assets represented the values assigned to trade names and trademarks and customer relationships. The trade names and trademarks have indefinite lives and are not amortized. The weighted-average useful life for customer relationships from the date of purchase is approximately 10 years. Amortization expense is expected to be approximately $1.1 million per year for the next five years.

    Intangible assets consisted of the following:
December 31, 2021
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
(thousands)
Trade names and trademarks$8,900 $— $8,900 
Customer relationships12,450 (5,999)6,451 
$21,350 $(5,999)$15,351 

December 31, 2020
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
(thousands)
Trade names and trademarks$8,900 $— $8,900 
Customer relationships12,450 (4,776)7,674 
$21,350 $(4,776)$16,574