Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets, Net (Tables)

v3.23.2
Other Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Components of Other Intangible Assets, Net

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

 

 

June 30, 2023

 

 

December 31, 2022

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Trade names and Trademarks

$

107,000

 

 

$

-

 

 

$

107,200

 

 

$

200

 

CPC Unity System

 

42,900

 

 

 

37,895

 

 

 

42,900

 

 

 

35,750

 

Customer relationships

 

9,700

 

 

 

6,178

 

 

 

11,800

 

 

 

8,240

 

Covenants not to compete

 

12,720

 

 

 

7,701

 

 

 

12,590

 

 

 

6,685

 

Other intangible assets, net

$

172,320

 

 

$

51,774

 

 

$

174,490

 

 

$

50,875

 

Summary of Estimated Amortization Expense

As of June 30, 2023, estimated future amortization expense was as follows:

 

Fiscal Year Ending:

 

 

 

 

2023 (remaining six months)

 

 

$

3,362

 

2024

 

 

 

4,936

 

2025

 

 

 

1,725

 

2026

 

 

 

1,483

 

2027

 

 

 

655

 

Thereafter

 

 

 

1,385

 

Total estimated future amortization expense

 

 

$

13,546