Goodwill and Other Intangible Assets |
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Goodwill and Other Intangible Assets |
7. Goodwill and Other Intangible Assets:
The following table summarizes the changes in the carrying amount of goodwill for the six months ended June 30, 2021:
Goodwill acquired through our acquisition of CDF is provisional for a period of up to one year from the acquisition date.
Information related to the Company’s other intangibles, net is as follows:
Customer relationships are amortized over thirteen years. Vendor relationships are amortized between and fifteen years. Trade name is amortized over fifteen years. Non-compete is amortized over one year. Intangible assets acquired through our acquisition of CDF are provisional for a period of up to one year from the acquisition date.
During the three months ended June 30, 2021 and 2020, the Company recognized total amortization expense for other intangibles, net of $0.2 million and $0.1 million, respectively. During the six months ended June 30, 2021 and 2020, the Company recognized total amortization expense for other intangibles, net of $0.5 million and $0.1 million, respectively.
Estimated future amortization expense of the Company’s other intangibles, net as of June 30, 2021 is as follows:
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