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, 2023

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, 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		40,040		42,900		35,750
Customer relationships		9,700		6,430		11,800		8,240
Covenants not to compete		13,230		8,693		12,590		6,685
Other intangible assets, net	$	172,830	$	55,163	$	174,490	$	50,875

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 $6,772, $7,874 and $5,619 for the years ended December 31, 2023, 2022 and 2021, respectively.

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


Fiscal Year Ending:
2024	$	5,038
2025		1,827
2026		1,585
2027		757
Thereafter		1,460
Total estimated future amortization expense	$	10,667