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, 2021

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, 2021				December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Trade names and Trademarks	$	107,000	$	-	$	107,000	$	-
CPC Unity System		42,900		30,519		42,900		27,301
Customer relationships		8,800		7,530		7,600		7,376
Covenants not to compete		7,565		3,694		7,515		3,319
	$	166,265	$	41,743	$	165,015	$	37,996

For the three months ended September 30, 2021 and 2020, amortization expense associated with the Company’s finite-lived intangible assets was $1,350 and $1,702, respectively.

For the nine months ended September 30, 2021 and 2020, amortization expense associated with the Company’s finite-lived intangible assets was $4,207 and $5,213, respectively.

As of September 30, 2021, estimated future amortization expense was as follows:


Fiscal Year Ending:
2021 (remaining three months)	$	1,479
2022		6,081
2023		5,602
2024		3,529
2025		364
Thereafter		467
Total estimated future amortization expense	$	17,522