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Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible assets Our intangible assets consist of the following:
| September 30, 2023 |  | December 31, 2022
Definite-lived intangible assets | (in thousands)
Intellectual property | $ | 6,295 |  |  | $ | 6,295 |
Customer relationships | 47,547 |  |  | 47,547 |
Less: Accumulated amortization | (6,512) |  |  | (3,807) |
Total, net | 47,330 |  |  | 50,035 |
Indefinite-lived intangible assets |  |  |
Trademarks | 14,571 |  |  | 14,571 |
Total intangible assets, net | $ | 61,901 |  |  | $ | 64,606 |
Amortization expense recorded in selling, general and administrative expenses is as follows:
| Three Months Ended |  | Nine Months Ended
| September 30, 2023 |  | September 30, 2022 |  | September 30, 2023 |  | September 30, 2022
| (in thousands)
Amortization expense | $ | 902 |  |  | $ | 902 |  |  | $ | 2,705 |  |  | $ | 2,698 |
Excluding the impact of any future acquisitions, the Company anticipates amortization expense to be $3.6 million for each of the years ending 2023 through 2027.

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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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