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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2022
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$11,792 $48,590 $60,382 
Additions (a)— 73,974 73,974 
Balance at September 30, 2022$11,792 $122,564 $134,356 
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(a)    Represents the acquisition of two Coastal Plywood facilities. For additional information, see Note 5, Acquisition.

    At September 30, 2022 and December 31, 2021, intangible assets represented the values assigned to trade names, trademarks and customer relationships. We maintain trademarks for our manufactured wood products, particularly EWP. Our key registered trademarks are perpetual in duration as long as we continue to timely file all post registration maintenance documents related thereto. These trade names and trademarks have indefinite lives and are not amortized. In addition, we recently acquired a trade name and customer relationships as discussed in Note 5, Acquisition. This acquired trade name has a useful life of one year. The weighted-average useful life for customer relationships from the date of purchase is approximately 10 years. Amortization expense is expected to be approximately $16.8 million per year for the next five years.

    Intangible assets consisted of the following:
September 30, 2022
Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
(thousands)
Trade names and trademarks$10,100 $(200)$9,900 
Customer relationships169,150 (9,512)159,638 
$179,250 $(9,712)$169,538 

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