Annual report pursuant to Section 13 and 15(d)

Other Intangible Assets, Net

v3.25.0.1
Other Intangible Assets, Net
12 Months Ended
Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Other Intangible Assets, Net

5. Other Intangible Assets, Net

Other intangibles assets, net consisted of the following as of the periods presented:

 

December 31, 2024

 

 

December 31, 2023

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Trade names and trademarks

$

107,000

 

 

$

 

 

$

107,000

 

 

$

 

CPC unity system

 

42,900

 

 

 

42,900

 

 

 

42,900

 

 

 

40,040

 

Customer relationships

 

9,700

 

 

 

7,019

 

 

 

9,700

 

 

 

6,430

 

Covenants not to compete

 

13,230

 

 

 

10,404

 

 

 

13,230

 

 

 

8,693

 

Other intangible assets, net

$

172,830

 

 

$

60,323

 

 

$

172,830

 

 

$

55,163

 

The weighted average amortization period for CPC Unity System, customer relationships, and covenants not to compete are 10.0 years, 7.0 years and 6.3 years, respectively.

Amortization expense for finite-lived intangible assets was $5,160, $6,772 and $7,874 for the years ended December 31, 2024, 2023 and 2022, respectively.

As of December 31, 2024, estimated future amortization expense was as follows:

Fiscal Year Ending:

 

 

 

2025

 

$

1,827

 

2026

 

 

 

1,585

 

2027

 

 

758

 

2028

 

 

433

 

2029

 

 

310

 

Thereafter

 

 

594

 

Total estimated future amortization expense

 

$

5,507