Quarterly report [Sections 13 or 15(d)]

Other Intangible Assets, Net

v3.25.1
Other Intangible Assets, Net
3 Months Ended
Mar. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Other Intangible Assets, Net

4. Other Intangible Assets, Net

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

 

 

March 31, 2025

 

 

December 31, 2024

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Trade names and trademarks

$

107,000

 

 

$

 

 

$

107,000

 

 

$

 

Customer relationships

 

9,700

 

 

 

7,136

 

 

 

9,700

 

 

 

7,019

 

Covenants not to compete

 

6,940

 

 

 

4,463

 

 

 

13,230

 

 

 

10,404

 

Other intangible assets, net

$

123,640

 

 

$

11,599

 

 

$

129,930

 

 

$

17,423

 

For the three months ended March 31, 2025 and 2024, amortization expense associated with our finite-lived intangible assets was $466 and $1,644, respectively.

As of March 31, 2025, estimated future amortization expense was as follows:

Fiscal Year Ending:

 

 

 

2025 (remaining nine months)

 

$

1,361

 

2026

 

 

 

1,585

 

2027

 

 

758

 

2028

 

 

433

 

2029

 

 

310

 

Thereafter

 

 

594

 

Total estimated future amortization expense

 

$

5,041