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GOODWILL AND INTANGIBLES
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLES GOODWILL AND INTANGIBLES
As of December 31, 2023 and December 31, 2022, goodwill was approximately $14.2 million and $13.7 million, respectively.
The carrying amount and accumulated amortization of intangible assets as of December 31, 2023 and December 31, 2022, were as follows:
December 31,
2023		December 31,
2022
Definite-lived intangible assets
Customer relationships$13,902 $13,418 
Less: accumulated amortization(2,233)(1,677)
Effect of exchange rate changes
9 67 
Definite-lived intangible assets, net$11,678 $11,808 
Indefinite-lived intangible assets
Brands$446 $2,984 
Less: impairment
— (2,576)
Effect of exchange rate changes15 38 
Indefinite-lived intangible assets, net$461 $446 
Intangibles-net
$12,139 $12,254 
Customer relationships are amortized over an estimated useful life of 25 years, while brands have an indefinite life. Amortization expense for the years ended December 31, 2023, 2022, and 2021 was approximately $0.5 million, $0.5 million, and $0.6 million, respectively and is reflected in selling, general and administrative expenses.
Other fluctuations in the amounts of intangible assets are due to currency translation adjustments.
The following was the future estimated amortization expense related to customer relationships as of December 31, 2023:
Years ending December 31,
2024$556 
2025556 
2026556 
2027556 
2028556 
Thereafter8,898 
Total$11,678