(dollars in thousands)	April 28, 2019		April 29, 2018
Tradenames	$	7,232	$	683
Customer relationships, net		2,538		2,839
Non-compete agreement, net		678		753
	$	10,448	$	4,275

A summary of the carrying amount of our tradenames from our recent acquisitions (see Note 2) follow:

(dollars in thousands)	April 28, 2019		April 29, 2018
Read	$	683	$	683
eLuxury		6,549		—
	$	7,232	$	683

Our tradenames were recorded at their fair market values at the effective date of their acquisitions (see Note 2) and were based on the relief from royalty method. These tradenames were determined to have an indefinite useful life and therefore, are not being amortized. However, these tradenames will be assessed annually for impairment.

A summary of the change in the carrying amount of our customer relationships follows:

(dollars in thousands)	2019			2018			2017
beginning balance	$	2,839			664			715
acquisition of assets (note 2)		—			2,247			—
amortization expense		(301	)		(72	)		(51	)
loss on impairment		—			—			—
ending balance	$	2,538			2,839			664

In connection with our asset purchase agreement with Read (see note 2) on April 1, 2018, we purchased certain customer relationships. We recorded these customer relationships at fair market value totaling $2.2 million based on a multi-period excess earnings valuation model. These customer relationships will be amortized on a straight-line basis over their nine-year useful life.

Additionally, we have customer relationships from a prior acquisition with a carrying amount of $562,000 at April 28, 2019. These customer relationships are being amortized on a straight-line basis over their seventeen-year useful life.

The gross carrying amount of our customer relationships was $3.1 million at April 28, 2019 and April 29, 2018, respectively. Accumulated amortization for these customer relationships were $577,000 and $276,000 at April 28, 2019 and April 29, 2018, respectively.

The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2020 - $301,000; FY 2021 - $301,000; FY 2022 - $301,000; FY 2023 - $301,000; FY 2024 - $301,000; and Thereafter - $1,033,000.

The weighted average amortization period for our customer relationships is 8.6 years as of April 28, 2019.

A summary of the change in the carrying amount of our non-compete agreement follows:

(dollars in thousands)	2019			2018			2017
beginning balance	$	753			828			903
amortization expense		(75	)		(75	)		(75	)
loss on impairment		—			—			—
ending balance	$	678			753			828

We have a non-compete agreement from a prior acquisition that is being amortized on a straight-line basis over its fifteen-year useful life.

The gross carrying amount of this non-compete agreement was $2.0 million at April 28, 2019 and April 29, 2018, respectively. Accumulated amortization for this non-compete agreement was $1.4 million and $1.3 million at April 28, 2019 and April 29, 2018, respectively.

The remaining amortization expense for the next five years and thereafter follows: FY 2020 - $75,000; FY 2021 - $75,000; FY 2022 - $75,000; FY 2023 - $75,000; FY 2024 - $75,000, and Thereafter - $303,000.

The weighted average amortization period for the non-compete agreement is 9.0 years as of April 28, 2019.