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Goodwill and intangible assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and intangible assets |
Goodwill and intangible assets | Note 8 – Goodwill and intangible assets Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in business combinations accounted for under the purchase method of accounting. There were no goodwill impairment losses recognized for the years ended December 31, 2021 and 2020. Based on the results of the impairment assessments of goodwill and intangible assets performed, management concluded that the fair value of the Company’s goodwill exceeds the carrying value and that there are no impairment indicators related to intangible assets. At December 31, 2021 and December 31, 2020 the Company had $47.8 million of goodwill. The Company’s other intangible assets consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | 2021 | ​ | 2020
​ | ​ | Amortization | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​
December 31, | ​ | Period | ​ | Carrying | ​ | Accumulated | ​ | ​ | ​ | ​ | Carrying | ​ | Accumulated | ​ | ​ | ​
(in thousands) |  | (in years) |  | Amount |  | Amortization |  | Net |  | Amount |  | Amortization |  | Net
Intangible assets with determinable lives |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Covenant not to compete |  | 6 – 10 | ​ | $ | 1,270 | ​ | $ | 1,023 | ​ |  | 247 | ​ | $ | 1,270 | ​ | $ | 937 | ​ | $ | 333
Customer relationships |  | 3 – 12 | ​ |  | 31,560 | ​ |  | 11,829 | ​ |  | 19,731 | ​ |  | 31,560 | ​ |  | 9,167 | ​ |  | 22,393
Above market leases |  | 13 | ​ |  | 567 | ​ |  | 188 | ​ |  | 379 | ​ |  | 567 | ​ |  | 143 | ​ |  | 424
Total identifiable intangible assets | ​ | ​ | ​ | $ | 33,397 | ​ | $ | 13,040 | ​ | $ | 20,357 | ​ | $ | 33,397 | ​ | $ | 10,247 | ​ | $ | 23,150
​ The amortization of intangible assets for the years ended December 31, 2021 and 2020, were $2.8 million and $2.9 million respectively. Future estimated amortization expense is as follows: 2022 - $2.8 million, 2023 - $2.8 million, 2024- $2.8 million, 2025- $2.5 million, 2026-$2.5 million and thereafter - $7.0 million.

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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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