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Goodwill and Intangible Assets, Net
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

Note 4. Goodwill and Intangible Assets, Net

There were no changes in the carrying amount of goodwill during the years ended December 31, 2021 and 2020.

The following is a summary of intangible assets with definite and indefinite lives (in thousands):

 

 

 

Balance at December 31, 2021

 

 

Balance at December 31, 2020

 

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Definite Lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

9,180

 

 

$

3,395

 

 

$

5,785

 

 

$

9,180

 

 

$

2,247

 

 

$

6,933

 

Indefinite Lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename

 

 

12,919

 

 

 

 

 

 

12,919

 

 

 

12,919

 

 

 

 

 

 

12,919

 

Total intangible assets

 

$

22,099

 

 

$

3,395

 

 

$

18,704

 

 

$

22,099

 

 

$

2,247

 

 

$

19,852

 

 

For the years ended December 31, 2021 and 2020 amortization expense was approximately $1.1 million and $1.1 million, respectively.

The remaining weighted-average useful life of definite lived intangible assets is five years. The estimated future amortization expense of intangible assets with definite lives is as follows (in thousands):

 

 

 

Amount

 

2022

 

$

1,148

 

2023

 

 

1,148

 

2024

 

 

1,148

 

2025

 

 

1,148

 

2026

 

 

1,148

 

Thereafter

 

 

45

 

Estimated future amortization expense of definite-lived intangible assets

 

$

5,785