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Intangible Assets
 3 Months Ended
Mar. 31, 2026
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

The components of intangible assets, all of which are finite-lived, were as follows:

 

    March 31, 2026   December 31, 2025         
   Gross
Carrying  		   Accumulated
Amortization 		   Net
Carrying
Amount		   Gross
Carrying
Amount  		   Accumulated
Amortization		   Net
Carrying
Amount		   Weighted
Average
Useful
Life
(years)		   Useful
Life
(years)		 
(dollars in thousands)                                
Trademarks  $13,339   $(1,734)  $11,605   $6,930   $(1,488)  $5,442    7.7    7 - 10 
FAA waiver   5,930    (2,759)   3,171    5,930    (2,611)   3,319    10.0    10 
Developed technology   161,061    (15,331)   145,730    113,604    (12,276)   101,328    9.9    3 - 10 
Non-compete agreements   3,521    (257)   3,264    3,521    (37)   3,484    4.0    1 - 4 
Customer relationships   150,635    (2,836)   147,799    23,008    (982)   22,026    8.1    5-10 
Other intangible assets   1,454    (509)   945    2,040    (749)   1,291    8.5    3 - 10 
Total  $335,940   $(23,426)  $312,514   $155,033   $(18,143)  $136,890           

 

Amortization expense for the three months ended March 31, 2026 and 2025 was $5.6 million and $1.1 million, respectively. Other intangible assets represent patents, licenses, software, backlog and other marketing-related assets.