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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 6. Goodwill and Intangible Assets Goodwill The carrying amount of goodwill for the years ended December 31, 2018 and 2017, for the Company’s reportable segments are as follows:
|  | Teekay LNG – Liquefied Gas Segment $ |  | Conventional Tanker Segment $ |  | Total $
Balance as of December 31, 2017 |  | 35,631 |  |  | 8,059 |  |  | 43,690 |
Balance as of December 31, 2018 |  | 35,631 |  |  | 8,059 |  |  | 43,690 |
Intangible Assets As at December 31, 2018, the Company’s intangible assets consisted of:
| Gross Carrying Amount $ |  | Accumulated Amortization $ |  | Net Carrying Amount $
Customer contracts | 193,194 |  |  | (140,756 | ) |  | 52,438 |
Customer relationships | 22,500 |  |  | (10,875 | ) |  | 11,625 |
Off-market in-charter contracts (1) | 17,900 |  |  | (4,190 | ) |  | 13,710 |
| 233,594 |  |  | (155,821 | ) |  | 77,773 |
(1) Represents the off-market in-charter contracts between the Company and Teekay Offshore for two FSO units. As at December 31, 2017, the Company’s intangible assets consisted of:
| Gross Carrying Amount $ |  | Accumulated Amortization $ |  | Net Carrying Amount $
Customer contracts | 193,194 |  |  | (131,647 | ) |  | 61,547 |
Customer relationships | 22,500 |  |  | (8,005 | ) |  | 14,495 |
Off-market in-charter contracts (1) | 17,900 |  |  | (928 | ) |  | 16,972 |
| 233,594 |  |  | (140,580 | ) |  | 93,014 |
(1) Represents the off-market in-charter contracts between the Company and Teekay Offshore for two FSO units. In July 2015, as part of Teekay Tankers’ acquisition of a ship-to-ship transfer business (previously referred to as SPT and now known as Teekay Marine Solutions or TMS) from a company jointly owned by Teekay Corporation and a Norway-based marine transportation company, I.M. Skaugen SE, Teekay Tankers ascribed a value of $30.9 million to the customer relationships assumed. The Company is amortizing those customer relationships over a period of 10 years. The estimates of fair value were finalized in the first quarter of 2016 and resulted in a decrease in intangible assets of $8.4 million from preliminary estimates. Amortization expense relating to this acquisition for the years ended December 31, 2018 and 2017 were $2.9 million and $3.2 million, respectively, which is included in depreciation and amortization expenses. Aggregate amortization expense of intangible assets for the year ended December 31, 2018, was $15.2 million (2017 – $14.0 million, 2016 – $14.9 million), including $12.0 million presented in depreciation and amortization (2017 – $13.1 million, 2016 – $14.9 million) and $3.2 million presented in time-charter hire expenses (2017 – $0.9 million, 2016 – $nil). Amortization of intangible assets following 2018 is expected to be $13.9 million (2019), $13.3 million (2020), $13.1 million (2021), $12.9 million (2022), $12.7 million (2023) and $11.9 million (thereafter).

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