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GOODWILL AND INTANGIBLE ASSETS, NET (Tables) | 12 Months Ended
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Dec. 31, 2023
GOODWILL AND INTANGIBLE ASSETS, NET |
Schedule of changes in the carrying value of goodwill | The following table presents the changes in the carrying value of goodwill during the years ended December 31, 2023 and 2022 (in thousands): ​
​ | ​ | ​ | ​
​ |  | Amount
Balance as of December 31, 2021 | ​ | $ | 128,871
Acquisition | ​ |  | 2,753
Measurement period adjustment | ​ | ​ | 384
Foreign currency translation adjustment | ​ |  | (625)
Balance as of December 31, 2022 | ​ | ​ | 131,383
Foreign currency translation adjustment | ​ | ​ | (20)
Balance as of December 31, 2023 | ​ | $ | 131,363
Schedule of Intangible assets | Intangible assets, net as of December 31, 2023 consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ | ​ | Gross | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Currency | ​ | Accumulated | ​ | Net
​ |  | Amount |  | Translation |  | Amortization |  | Amount
Trade names and trademarks | ​ | $ | 148,100 | ​ | $ | 72 | ​ | $ | 29,583 | ​ | $ | 118,589
Patented technology | ​ |  | 16,126 | ​ |  | 1 | ​ |  | 8,713 | ​ |  | 7,414
Technology | ​ | ​ | 13,000 | ​ | ​ | — | ​ | ​ | 1,806 | ​ | ​ | 11,194
Pool designs | ​ |  | 13,628 | ​ |  | 35 | ​ |  | 2,973 | ​ |  | 10,690
Franchise relationships | ​ |  | 1,187 | ​ |  | — | ​ |  | 1,187 | ​ |  | —
Dealer relationships | ​ |  | 197,376 | ​ |  | — | ​ |  | 62,470 | ​ |  | 134,906
Order backlog | ​ | ​ | 1,600 | ​ | ​ | — | ​ | ​ | 1,600 | ​ | ​ | —
Non-competition agreements | ​ |  | 2,476 | ​ |  | — | ​ |  | 2,476 | ​ |  | —
​ | ​ | $ | 393,493 | ​ | $ | 108 | ​ | $ | 110,808 | ​ | $ | 282,793
​ ​ Intangible assets, net as of December 31, 2022 consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | Gross | ​ | Foreign | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Currency | ​ | Accumulated | ​ | Net
​ |  | Amount |  | Translation |  | Amortization |  | Amount
Trade names and trademarks | ​ | $ | 148,100 | ​ | $ | (84) | ​ | $ | 22,982 | ​ | $ | 125,034
Patented technology | ​ |  | 16,126 | ​ |  | 37 | ​ |  | 6,959 | ​ |  | 9,204
Technology | ​ | ​ | 13,000 | ​ | ​ | — | ​ | ​ | 939 | ​ | ​ | 12,061
Pool designs | ​ |  | 13,628 | ​ |  | (10) | ​ |  | 2,037 | ​ |  | 11,581
Franchise relationships | ​ |  | 1,187 | ​ |  | 45 | ​ |  | 1,064 | ​ |  | 168
Dealer relationships | ​ |  | 197,376 | ​ |  | 13 | ​ |  | 46,699 | ​ |  | 150,690
Order backlog | ​ | ​ | 1,600 | ​ | ​ | — | ​ | ​ | 1,600 | ​ | ​ | —
Non-competition agreements | ​ |  | 2,476 | ​ |  | — | ​ |  | 1,999 | ​ |  | 477
​ | ​ | $ | 393,493 | ​ | $ | 1 | ​ | $ | 84,279 | ​ | $ | 309,215
Schedule of estimated amortization expense related to definite-lived intangible assets | The Company estimates that amortization expense related to definite-lived intangible assets will be as follows in each of the next five years and thereafter (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | Estimated Future
​ | ​ | Amortization
Year Ended |  | Expense
2024 | ​ | $ | 25,709
2025 | ​ |  | 25,551
2026 | ​ |  | 25,551
2027 | ​ |  | 25,551
2028 | ​ |  | 24,593
Thereafter | ​ |  | 155,838
​ | ​ | $ | 282,793
​

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