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OTHER INTANGIBLES, NET
 9 Months Ended
Sep. 30, 2024
OTHER INTANGIBLES, NET  
OTHER INTANGIBLES, NET

11. OTHER INTANGIBLES, NET

Intangible assets are amortized over their legal or estimated useful life. The following table provides a summary of the gross carrying value and accumulated amortization by each major intangible class as of September 30, 2024, and December 31, 2023:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2024

​

​

December 31, 2023

(in thousands)

​

​

Gross
Carrying
Amount

​

​

Accumulated Amortization

​

​

Gross
Carrying
Amount

​

​

Accumulated Amortization

Finite-lived Intangibles:

​

​

​

​

​

​

​

​

​

​

​

​

Customer relationships

​

$

10,000

​

$

(1,250)

​

$

10,000

​

$

(500)

Trade names and trademarks

​

​

3,519

​

​

(719)

​

​

3,519

​

​

(479)

Software licenses

​

​

5,350

​

​

(2,464)

​

​

2,202

​

​

(1,917)

Patents and technology

​

​

300

​

​

(300)

​

​

300

​

​

(300)

​

​

$

19,169

​

$

(4,733)

​

$

16,021

​

$

(3,196)

​

Amortization expense for each of the periods presented follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Nine months ended

​

​

September 30, 

​

September 30, 

(in thousands)

    

​

2024

​

​

2023

    

​

2024

​

​

2023

Amortization of finite-lived intangible assets

​

$

592

​

$

530

​

$

1,537

​

$

931

​

Estimated amortization expense based on balances as of September 30, 2024, were as follows: $592 thousand for the remainder of 2024; $2.4 million for the years 2025 to 2026; $1.8 million for the year 2027 and $1.3 million for the years 2028 and 2029.