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 nine months ended September 30, 2021:
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.
During the three months ended September 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 nine months ended September 30, 2021 and 2020, the Company recognized total amortization expense for other intangibles, net of $0.7 million and $0.1 million, respectively.
Estimated future amortization expense of the Company’s other intangibles, net as of September 30, 2021 is as follows:
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