Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
There were no changes in goodwill for the three months ended March 31, 2021. The goodwill balance consisted of the following (in thousands):
  Fleet Federal and Defense Aviation Total
Balance as of December 31, 2020 $ 63,190  $ 30,883  $ 144,053  $ 238,126 
Balance as of March 31, 2021 $ 63,190  $ 30,883  $ 144,053  $ 238,126 

We perform an annual review of goodwill for impairment during the fourth quarter and whenever events or other changes in circumstances indicate that the carrying value may not be fully recoverable. 
Intangible assets, net comprised the following (in thousands):
  Cost Accumulated Amortization Accumulated
Impairment Loss
Net Intangible Assets
March 31, 2021
Contract and customer-related $ 219,801  $ (114,635) $ (3,814) $ 101,352 
Acquired technologies 12,400  (11,069) —  1,331 
Trade names 18,770  (15,539) —  3,231 
Total $ 250,971  $ (141,243) $ (3,814) $ 105,914 
December 31, 2020        
Contract and customer-related $ 213,194  $ (110,917) $ (3,814) $ 98,463 
Acquired technologies 12,400  (10,787) —  1,613 
Trade names 18,770  (15,251) —  3,519 
Total $ 244,364  $ (136,955) $ (3,814) $ 103,595 

The increase in the gross carrying amount of contract and customer-related intangibles during the first quarter of 2021 is related to customer relationship intangible recognized in connection with the acquisition of HSS during the quarter. See Note (2)
"Acquisition and Divestitures" for additional details regarding the acquisition.

Amortization expense related to intangible assets was approximately $4.3 million and $4.7 million for the three months ended March 31, 2021 and 2020, respectively.