Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets, Net (Tables)

v3.24.2.u1
Other Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2024
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, 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

 

 

 

42,185

 

 

 

42,900

 

 

 

40,040

 

Customer relationships

 

9,700

 

 

 

6,640

 

 

 

9,700

 

 

 

6,430

 

Covenants not to compete

 

13,230

 

 

 

9,620

 

 

 

13,230

 

 

 

8,693

 

Other intangible assets, net

$

172,830

 

 

$

58,445

 

 

$

172,830

 

 

$

55,163

 

Summary of Estimated Amortization Expense

As of June 30, 2024, estimated future amortization expense was as follows:

 

Fiscal Year Ending:

 

 

 

 

2024 (remaining six months)

 

 

$

1,733

 

2025

 

 

 

1,827

 

2026

 

 

 

1,585

 

2027

 

 

 

741

 

2028

 

 

 

462

 

Thereafter

 

 

 

1,037

 

Total estimated future amortization expense

 

 

$

7,385