Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets, Net

v3.23.1
Other Intangible Assets, Net
3 Months Ended
Mar. 31, 2023
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, 2023

 

 

December 31, 2022

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Trade names and Trademarks

$

107,200

 

 

$

200

 

 

$

107,200

 

 

 

200

 

CPC Unity System

 

42,900

 

 

 

36,823

 

 

 

42,900

 

 

 

35,750

 

Customer relationships

 

9,700

 

 

 

6,048

 

 

 

11,800

 

 

 

8,240

 

Covenants not to compete

 

12,590

 

 

 

7,197

 

 

 

12,590

 

 

 

6,685

 

Other intangible assets, net

$

172,390

 

 

$

50,268

 

 

$

174,490

 

 

$

50,875

 

For the three months ended March 31, 2023 and 2022, amortization expense associated with our finite-lived intangible assets was $1,677 and $1,769, respectively.

As of March 31, 2023, estimated future amortization expense was as follows:

 

Fiscal Year Ending:

 

 

 

 

2023 (remaining nine months)

 

 

$

5,051

 

2024

 

 

 

4,920

 

2025

 

 

 

1,699

 

2026

 

 

 

1,457

 

2027

 

 

 

629

 

Thereafter

 

 

 

1,366

 

Total estimated future amortization expense

 

 

$

15,122