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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2019, 2018 and 2017 are as follows:
(in thousands) |  | Trade |  | Plant Nutrient |  | Rail |  | Ethanol |  | Total
Balance at January 1, 2017 |  | $ | — |  |  | $ | 59,767 |  |  | $ | 4,167 |  |  | $ | — |  |  | $ | 63,934 |
Acquisitions |  | 1,171 |  |  | — |  |  | — |  |  | — |  |  | 1,171 |
Impairments |  | — |  |  | (59,081 | ) |  | — |  |  | — |  |  | (59,081 | )
Balance at December 31, 2017 |  | 1,171 |  |  | 686 |  |  | 4,167 |  |  | — |  |  | 6,024 |
Acquisitions |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Impairments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2018 |  | 1,171 |  |  | 686 |  |  | 4,167 |  |  | — |  |  | 6,024 |
Acquisitions |  | 126,610 |  |  | — |  |  | — |  |  | 2,726 |  |  | 129,336 |
Impairments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2019 |  | $ | 127,781 |  |  | $ | 686 |  |  | $ | 4,167 |  |  | $ | 2,726 |  |  | $ | 135,360 |
Goodwill for the Trade segment is $127.8 million and net of accumulated impairment losses of $46.4 million as of December 31, 2019. Goodwill for the Plant Nutrient segment is $0.7 million and net of accumulated impairment losses of $68.9 million as of December 31, 2019. Goodwill is tested for impairment annually as of October 1, or more frequently if impairment indicators arise. The Company uses a one-step quantitative approach that compares the business enterprise value ("BEV") of each reporting unit with its carrying value. The BEV was computed based on both an income approach (discounted cash flows) and a market approach. The income approach uses a reporting unit's estimated future cash flows, discounted at the weighted average cost of capital of a hypothetical third-party buyer. The market approach estimates fair value by applying cash flow multiples to the reporting unit's operating performance. The multiples are derived from comparable publicly traded companies with similar operating and investment characteristics to the reporting unit. Any excess of the carrying value of the goodwill over the BEV will be recorded as an impairment loss. The calculation of the BEV is based on significant unobservable inputs, such as price trends, customer demand, material costs and discount rates, and are classified as Level 3 in the fair value hierarchy. No goodwill impairment charges were incurred in 2019 or 2018 as a result of our annual impairment testing. During 2017, the Company recorded impairment charges totaling $59.1 million related to the Wholesale reporting unit with the Plant Nutrient segment. As a result, there is no remaining goodwill in the Wholesale reporting unit. The Company's other intangible assets are as follows:
(in thousands) | Useful Life (in years) |  | Original Cost |  | Accumulated Amortization |  | Net Book Value
December 31, 2019 |  |  |  |  |  |  |  |  |
Intangible asset class |  |  |  |  |  |  |  |  |
Customer list | 3 | to | 10 |  | $ | 131,832 |  |  | $ | 33,971 |  |  | $ | 97,861 |
Non-compete agreements | 1 | to | 7 |  | 23,813 |  |  | 12,446 |  |  | 11,367 |
Supply agreement | 10 | to | 10 |  | 9,060 |  |  | 6,526 |  |  | 2,534 |
Technology | 10 | to | 10 |  | 13,400 |  |  | 6,197 |  |  | 7,203 |
Trademarks and patents | 7 | to | 10 |  | 15,810 |  |  | 9,491 |  |  | 6,319 |
Lease intangible | 1 | to | 8 |  | 9,744 |  |  | 4,600 |  |  | 5,144 |
Software | 2 | to | 10 |  | 90,836 |  |  | 46,010 |  |  | 44,826 |
Other | 3 | to | 5 |  | 445 |  |  | 387 |  |  | 58 |
|  |  |  |  | $ | 294,940 |  |  | $ | 119,628 |  |  | $ | 175,312 |
December 31, 2018 |  |  |  |  |  |  |  |  |
Intangible asset class |  |  |  |  |  |  |  |  |
Customer list | 3 | to | 10 |  | $ | 40,570 |  |  | $ | 21,706 |  |  | $ | 18,864 |
Non-compete agreement | 1 | to | 7 |  | 3,313 |  |  | 2,753 |  |  | 560 |
Supply agreement | 10 | to | 10 |  | 9,060 |  |  | 5,824 |  |  | 3,236 |
Technology | 10 | to | 10 |  | 13,400 |  |  | 4,857 |  |  | 8,543 |
Trademarks and patents | 7 | to | 10 |  | 17,985 |  |  | 7,682 |  |  | 10,303 |
Lease intangible | 1 | to | 8 |  | 11,564 |  |  | 3,602 |  |  | 7,962 |
Software | 2 | to | 10 |  | 86,723 |  |  | 37,112 |  |  | 49,611 |
Other | 3 | to | 5 |  | 419 |  |  | 360 |  |  | 59 |
|  |  |  |  | $ | 183,034 |  |  | $ | 83,896 |  |  | $ | 99,138 |
Amortization expense for intangible assets was $35.4 million, $19.1 million and $18.1 million for 2019, 2018 and 2017, respectively. Expected future annual amortization expense for the above assets is as follows: 2020 -- $33.5 million; 2021 -- $32.1 million; 2022 -- $23.3 million; 2023 -- $22.1 million; and 2024 -- $18.8 million. In December 2019, the Company recorded impairment charges of $2.5 million for intangibles in the Trade segment related to a frac sand non-compete agreement. The Company also recorded a $2.2 million impairment charge for brand related intangibles within the Plant Nutrient segment in the fourth quarter.

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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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