Mister Car Wash Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets, Net

Other Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

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:


	September 30, 2022				December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Trade names and trademarks	$	107,200	$	200	$	107,200	$	-
CPC Unity System		42,900		34,809		42,900		31,591
Customer relationships		11,800		7,958		11,800		7,584
Covenants not to compete		12,125		5,277		11,075		3,980
	$	174,025	$	48,244	$	172,975	$	43,155

For the three months ended September 30, 2022 and 2021, amortization expense associated with the Company’s finite-lived intangible assets was $1,629 and $1,350, respectively.

For the nine months ended September 30, 2022 and 2021, amortization expense associated with the Company’s finite-lived intangible assets was $5,089 and $4,207, respectively.

As of September 30, 2022, estimated future amortization expense was as follows:


Fiscal Year Ending:
2022 (remaining three months)	$	2,343
2023		7,009
2024		5,053
2025		1,568
2026		1,501
Thereafter		1,307
Total estimated future amortization expense	$	18,781