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Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Intangible Assets Net Excluding Goodwill [Abstract] |
Intangible Assets | Note 8. INTANGIBLE ASSETS Intangible assets consisted of the following (in thousands):
|  | December 31, 2019 |  |  | December 31, 2018 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Wholesale fuel supply contracts/rights |  | $ | 124,479 |  |  | $ | (79,791 | ) |  | $ | 44,688 |  |  | $ | 126,734 |  |  | $ | (69,265 | ) |  | $ | 57,469 |
Trademarks |  |  | 1,078 |  |  |  | (1,072 | ) |  |  | 6 |  |  |  | 1,095 |  |  |  | (1,006 | ) |  |  | 89 |
Covenant not to compete |  |  | 4,552 |  |  |  | (4,250 | ) |  |  | 302 |  |  |  | 4,581 |  |  |  | (4,077 | ) |  |  | 504 |
Below market leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11,177 |  |  |  | (10,176 | ) |  |  | 1,001 |
Total intangible assets |  | $ | 130,109 |  |  | $ | (85,113 | ) |  | $ | 44,996 |  |  | $ | 143,587 |  |  | $ | (84,524 | ) |  | $ | 59,063 |
As a result of the adoption of ASC 842, on January 1, 2019, we recorded a transition adjustment reclassifying below market lease intangible assets (and above market lease liabilities) to the right-of-use asset. See Note 2 for additional information. See Note 3 for additional information on the May 2019 and September 2019 closing of the first and second tranche of the asset exchange with Circle K, which resulted in the disposal of $2.1 million of wholesale fuel distribution rights. Amortization expense, including amortization of above and below market lease intangible assets, which is classified as rent expense, was $10.9 million, $15.4 million (including $2.0 million of impairments primarily related to FTC-required divestitures discussed in Note 7) and $13.6 million for 2019, 2018 and 2017, respectively. Aggregate amortization expense is expected to be $10.6 million, $9.9 million, $9.2 million, $6.5 million and $4.2 million for 2020, 2021, 2022, 2023 and 2024, respectively.

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- Definition The entire disclosure for all or part of the information related to 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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- References No definition available. + Details
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