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GOODWILL AND INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
During the thirteen weeks ended March 31, 2024, there were no changes in the carrying amount of goodwill of $36.0 million.
The following table presents the Company’s intangible assets, net balances:
(dollar amounts in thousands)
As of March 31,
2024		As of December 31,
2023
Internal use software$40,036 $38,336 
Developed technology20,050 20,050 
Total intangible assets
60,086 58,386 
Accumulated amortization(33,730)(30,979)
Intangible assets, net
$26,356$27,407

Developed technology intangible assets were recognized in conjunction with the Company’s acquisition of Spyce on September 7, 2021. The estimated useful life of developed technology is five years and the assets were placed into service during the fiscal year ended December 31, 2023.

Amortization expense for intangible assets was $2.8 million and $2.0 million for the thirteen weeks ended March 31, 2024 and March 26, 2023, respectively.

Estimated future amortization of internal use software and developed technology is as follows:
(dollar amounts in thousands)

2024$7,483 
20257,755 
20265,698 
20274,083 
20281,337 
Total$26,356