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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets During the years ended December 31, 2024, 2023, and 2022, the change in the net carrying amount of goodwill was as follows (in thousands):
Balance at January 1, 2022 | $ | 127,262 |
Acquisition (1) | 2,120 |
Divestitures | (57) |
Balance at December 31, 2022 | 129,325 |
Divestitures (2) | (50) |
Balance at December 31, 2023 | 129,275 |
Acquisition | — |
Divestitures | — |
Balance at December 31, 2024 | $ | 129,275 |
________________________________________________________ (1)Please read Note 5—Acquisitions for further discussion. (2)In December 2022, we purchased three retail stores in Washington. $50 thousand of the 2022 payment was refunded to us in 2023; the refund was accounted for as a reduction of goodwill. Please read Note 5—Acquisitions for further discussion. The gross carrying value of goodwill was $205.0 million as of December 31, 2023 and 2024. We had cumulative charges related to divestitures of approximately $75.7 million as of December 31, 2022, 2023 and 2024, respectively. Intangible assets consisted of the following (in thousands):
| December 31,
| 2024 |  | 2023
Intangible assets: |  |  |
Trade names and trademarks | $ | 6,267 |  |  | $ | 6,267 |
Customer relationships | 32,064 |  |  | 32,064 |
Other | 261 |  |  | 261 |
Total intangible assets | 38,592 |  |  | 38,592 |
Accumulated amortization: |  |  |
Trade name and trademarks | (5,556) |  |  | (5,470) |
Customer relationships | (23,516) |  |  | (22,204) |
Other | — |  |  | — |
Total accumulated amortization | (29,072) |  |  | (27,674) |
Net: |  |  |
Trade name and trademarks | 711 |  |  | 797 |
Customer relationships | 8,548 |  |  | 9,860 |
Other | 261 |  |  | 261 |
Total intangible assets, net | $ | 9,520 |  |  | $ | 10,918 |
Amortization expense was approximately $1.4 million, $2.7 million and $2.7 million for the years ended December 31, 2024, 2023, and 2022, respectively. Our intangible assets related to customer relationships and trade names have an average useful life of 13.5 years. Expected amortization expense for each of the next five years and thereafter is as follows (in thousands):
Year Ended |  | Amount
2025 |  | $ | 979 |
2026 |  | 979 |
2027 |  | 979 |
2028 |  | 979 |
2029 |  | 979 |
Thereafter |  | 4,364 |
Total |  | $ | 9,259 |

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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