4. Goodwill and Other Intangible Assets

Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations. The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020.

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Information related to the Company’s other intangibles, net is as follows:

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Customer relationships are amortized over thirteen years. Vendor relationships are amortized between eleven and fifteen years. Trade name is amortized over fifteen years. Non-compete is amortized over one year.

The Company recognized total amortization expense for other intangibles, net of $0.9 million and $0.3 million during the years ended December 31, 2021 and 2020, respectively.

Estimated future amortization expense of the Company’s other intangibles, net as of December 31, 2021 is as follows:

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