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OTHER INTANGIBLES, NET
 9 Months Ended
Sep. 30, 2025
OTHER INTANGIBLES, NET  
OTHER INTANGIBLES, NET

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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 asset class as of September 30, 2025, and December 31, 2024:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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September 30, 2025

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December 31, 2024

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Estimated Useful Life (in years)

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Gross
Carrying
Amount

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​

Accumulated Amortization

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​

Gross
Carrying
Amount

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​

Accumulated Amortization

(in thousands)

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​

​

​

​

​

​

​

​

​

​

​

​

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Finite-lived Intangibles:

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​

​

​

​

​

​

​

​

​

​

​

​

​

Customer relationships

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10

​

$

97,200

​

$

(6,610)

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$

10,000

​

$

(1,500)

Trade names and trademarks

​

10

​

​

13,619

​

​

(1,544)

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​

3,519

​

​

(799)

Software licenses

​

3

​

​

5,350

​

​

(3,514)

​

​

5,350

​

​

(2,727)

​

​

​

​

$

116,169

​

$

(11,668)

​

$

18,869

​

$

(5,026)

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During the second quarter of 2025, the Company acquired intangible assets; see Note titled Acquisition for additional details related to the intangible assets acquired.

Amortization expense for each of the periods presented follows:

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​

​

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​

​

​

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​

​

​

​

​

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Three months ended

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Nine months ended

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September 30, 

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September 30, 

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2025

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2024

    

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2025

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2024

(in thousands)

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​

​

​

​

​

​

​

​

​

​

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Amortization of finite-lived intangible assets

​

$

3,609

​

$

592

​

$

7,219

​

$

1,537

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Estimated future amortization expense based on balances as of September 30, 2025, were as follows: $3.6 million for the remainder of 2025 and approximately $14 million for each of the years 2026 through 2029.