GOODWILL & INTANGIBLE ASSETS
|3 Months Ended|
Mar. 31, 2021
|GOODWILL & INTANGIBLE ASSETS|
|GOODWILL & INTANGIBLE ASSETS||
10. GOODWILL & INTANGIBLE ASSETS
The carrying amount of goodwill at March 31, 2021 and 2020 was $201.3 million and $2.3 million, respectively, and has been recorded in connection with the Company’s acquisitions. The goodwill activity is as follows:
The Company has no accumulated impairment losses on goodwill.
Intangible assets consisted of the following (in thousands):
The Company recognized $2.3 million and $0.2 million of amortization expense during the three months ended March 31, 2021 and 2020, respectively. The Company expects to recognize $12.5 million of amortization expense for the remainder of 2021, and $16.7 million, $16.7 million, $16.5 million, and $16.0 million of amortization expense annually in the years ended December 31, 2022 through 2025. The weighted-average remaining amortization period is 9.3 years.
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef