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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Other than Goodwill

Our intangible assets, other than goodwill, as of June 30, 2024 and December 31, 2023 were as follows (in thousands, except for weighted average remaining useful life):

 

 

 

 

As of June 30, 2024

 

As of December 31, 2023

 

 

Weighted
Average
Remaining
Useful Life
(in years)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

7.3

 

$73,454

 

$(46,250)

 

$27,204

 

$68,155

 

$(45,910)

 

$22,245

Other intangible assets

 

8.6

 

945

 

 

945

 

499

 

 

499

Service customer relationships

 

 

 

8,081

 

(8,081)

 

 

8,081

 

(8,081)

 

OEM and dealer relationships

 

 

 

6,724

 

(6,724)

 

 

6,724

 

(6,724)

 

Total amortized intangible assets

 

 

 

89,204

 

(61,055)

 

28,149

 

83,459

 

(60,715)

 

22,744

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FCC Licenses

 

 

 

32,283

 

 

32,283

 

32,283

 

 

32,283

Total intangible assets

 

 

 

$121,487

 

$(61,055)

 

$60,432

 

$115,742

 

$(60,715)

 

$55,027

Summary of Amortization Expenses

Amortization expense for the remainder of 2024, each of the next four years and thereafter is estimated to be as follows (in thousands):

 

 

Amortization

Years ending December 31,

 

Expense

2024 (period from July 1 to December 31)

 

$417

2025

 

$3,246

2026

 

$4,035

2027

 

$3,867

2028

 

$3,662

Thereafter

 

$12,922