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Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Utility plant intangible assets consist of $28,386 of indefinite-lived water rights, $13,400 related to the purchase premium for customer relationships, and other intangibles of $9,818 as of December 31, 2024. Other intangibles primarily consist of $4,292 for service area expansions and other by TWC, $1,400 for customer relationships and $1,040 incurred in conjunction with Valley Water water contracts related to the operation of SJWC. In connection with a transaction in the third quarter of 2024, TWC purchased all assets from TWR for use in utility operations. Accordingly, SJW Group reclassified $28,386 related to indefinite life water rights from other intangible assets to utility plant intangible assets.
Amortization expense for the intangible assets was $1,429, $1,310 and $3,869 for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for 2025 through 2029 and thereafter is anticipated to be approximately $1,395 per year.
The components of intangible assets as of December 31, 2024 and 2023 are as follows:
20242023
Utility Plant Intangible Assets:
Indefinite-lived water rights
$28,386 — 
Purchase premium customer relationships13,400 13,400 
Concession fees— 6,800 
Other intangibles9,818 15,746 
Utility plant intangible assets51,604 35,946 
Less: Accumulated amortization
Purchase premium customer relationships4,667 3,774 
Concession fees— 6,754 
Other intangibles4,858 10,361 
Utility plant net intangible assets$42,079 15,057 
Other Intangible Asset:
Indefinite-lived water rights
$— $28,386