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Acquired Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Acquired Intangible Assets [Abstract] |
Acquired Intangible Assets | Note 7. Acquired Intangible Assets Acquired identifiable intangible assets consist of the following:
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | (In thousands) |
Customer relationships |  | $ | 159,824 |  |  | $ | 159,641 |
Patents, developed technology and intellectual property |  |  | 14,123 |  |  |  | 14,123 |
Trademarks and trade names |  |  | 8,880 |  |  |  | 8,880 |
Non-compete agreements |  |  | 3,308 |  |  |  | 3,295 |
Supply agreements |  |  | 800 |  |  |  | 800 |
Leaseholds |  |  | 160 |  |  |  | 160 |
Total acquired intangible assets |  |  | 187,095 |  |  |  | 186,899 |
Less: Accumulated amortization (a) |  |  | (100,379 | ) |  |  | (95,681 | )
Net acquired intangible assets |  | $ | 86,716 |  |  | $ | 91,218 |
| (a) | Applies to all intangible assets, except for trademarks and trade names totaling $2.6 million, which have indefinite useful lives and, as such, are not being amortized.
Total amortization expense for acquired intangible assets was $2.1 million and $4.3 million for the three and six months ended June 30, 2024, respectively, and $2.1 million and $4.3 million for the comparable periods in 2023. Based on the current estimated useful lives assigned to our intangible assets, amortization expense is estimated to be $4.1 million for the remainder of 2024, $8.5 million in 2025, $8.5 million in 2026, $8.5 million in 2027 and $54.5 million in the aggregate for the years 2028 through 2041.

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