Mister Car Wash Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Other Intangible Assets, Net

Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

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, 2021				December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Trade names and Trademarks	$	107,200	$	—	$	107,000	$	—
CPC Unity System		42,900		31,591		42,900		27,301
Customer relationships		11,800		7,584		7,600		7,376
Covenants not to compete		11,075		3,980		7,515		3,319
	$	172,975	$	43,155	$	165,015	$	37,996

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 $5,619, $6,943 and $6,928 for the years ended December 31, 2021, 2020 and 2019, respectively.

As of December 31, 2021, estimated future amortization expense was as follows:


Fiscal Year Ending:
2022	$	7,078
2023		6,787
2024		4,823
2025		1,403
2026		1,329
Thereafter		1,200
Total estimated future amortization expense	$	22,620