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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS A summary of intangible assets as of December 31, 2018 and 2017 is as follows (in thousands):
| December 31, 2018
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 174,894 |  |  | $ | (51,160 | ) |  | $ | 123,734 |
Non-compete agreements | 5,433 |  |  | (4,882 | ) |  | 551 |
Trade names | 24,753 |  |  | (20,594 | ) |  | 4,159 |
Technology | 7,847 |  |  | (5,187 | ) |  | 2,660 |
Licenses | 851 |  |  | (583 | ) |  | 268 |
Total | $ | 213,778 |  |  | $ | (82,406 | ) |  | $ | 131,372 |
| December 31, 2017
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 175,226 |  |  | $ | (38,712 | ) |  | $ | 136,514 |
Non-compete agreements | 5,563 |  |  | (4,509 | ) |  | 1,054 |
Trade names | 24,830 |  |  | (6,211 | ) |  | 18,619 |
Technology | 7,867 |  |  | (4,292 | ) |  | 3,575 |
Licenses | 859 |  |  | (460 | ) |  | 399 |
Total | $ | 214,345 |  |  | $ | (54,184 | ) |  | $ | 160,161 |
Amortization expense for the years ended December 31, 2018, 2017 and 2016 was $28.7 million, $16.5 million and $16.1 million, respectively. Amortization expense for current intangible assets is forecast to be approximately $14 million per year in 2019 and 2020 and approximately $13 million per year in 2021, 2022 and 2023. The higher amortization expense in 2018 is primarily due to a change in the estimated useful life of intangible asset associated with the Furmanite trade name. Management determined that, as a result of initiatives to consolidate the Company’s branding, the useful life of this intangible asset was not expected to extend beyond December 31, 2018. In accordance with ASC 350, we accounted for the change in useful life prospectively effective January 1, 2018 and amortized the remaining balance over 2018, which resulted in incremental amortization expense in 2018 of $12 million. The weighted-average amortization period for intangible assets subject to amortization was 13.5 years as of December 31, 2018. The weighted-average amortization period as of December 31, 2018 is 13.6 years for customer relationships, 4.7 years for non-compete agreements, 14.3 years for trade names, 9.9 years for technology and 10.6 years for licenses.

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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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