INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2016

NOTE D — INTANGIBLE ASSETS

Intangible assets consist of the following (in thousands):


	September 30, 2016							December 31, 2015
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Goodwill	$	18,101	$	—		$	18,101	$	18,101	$	—		$	18,101
Indefinite-lived intangible assets:
Trade names		7,616		—			7,616		7,616		—			7,616
Finite-lived intangible assets:
Licenses		15,847		(8,805	)		7,042		15,847		(8,462	)		7,385
Trade names		32,621		(8,540	)		24,081		29,724		(6,818	)		22,906
Customer relationships		53,477		(13,877	)		39,600		50,823		(10,806	)		40,017
Other		1,266		(783	)		483		1,202		(634	)		568

Total	$	128,928	$	(32,005	)	$	96,923	$	123,313	$	(26,720	)	$	96,593

The Company performed its annual impairment test for its indefinite-lived trade names as of October 1, 2016. The Company elected to first perform a qualitative assessment to determine if it is more likely than not that the fair value of the Company’s indefinite-lived trade names are less than the carrying values. The Company considered events and circumstances that could affect the significant inputs used to determine the fair value of the indefinite-lived trade names. Based on the qualitative assessment the Company determined it is not more likely than not that the fair values of the Company’s indefinite-lived trade names are less than the carrying values.