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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2023
Intangible Assets, Net [Abstract] |
Intangible Assets, Net | 9.INTANGIBLE ASSETS, NET The following table provides the gross and net carrying amounts for each major class of intangible assets:
|  | As of December 31, 2023 |  | As of December 31, 2022
|  | Gross carrying |  | Accumulated |  | Net book |  | Gross carrying |  | Accumulated |  | Net book
|  | amount |  | amortization |  | value |  | amount |  | amortization |  | value
|  | (in thousands)
Current contract intangibles |  | $ | 5,253,563 |  | $ | (3,394,009) |  | $ | 1,859,554 |  | $ | 5,170,187 |  | $ | (3,060,494) |  | $ | 2,109,693
Network location intangibles |  |  | 1,926,226 |  |  | (1,330,183) |  |  | 596,043 |  |  | 1,893,048 |  |  | (1,226,269) |  |  | 666,779
Intangible assets, net |  | $ | 7,179,789 |  | $ | (4,724,192) |  | $ | 2,455,597 |  | $ | 7,063,235 |  | $ | (4,286,763) |  | $ | 2,776,472
All intangible assets noted above are included in the Company’s site leasing segment. Amortization expense relating to the intangible assets above was $397.0 million, $406.0 million, and $411.9 million for the years ended December 31, 2023, 2022, and 2021, respectively. Estimated amortization expense on the Company’s intangibles assets is as follows:
For the year ended December 31, |  |  |  |  |  |  |  | (in thousands)
2024 |  |  |  |  |  |  |  | $ | 365,258
2025 |  |  |  |  |  |  |  |  | 355,578
2026 |  |  |  |  |  |  |  |  | 340,520
2027 |  |  |  |  |  |  |  |  | 291,666
2028 |  |  |  |  |  |  |  |  | 228,627

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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