XML 25 R14.htm IDEA: XBRL DOCUMENT v3.24.3
Acquired Intangible Assets
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets Acquired Intangible Assets
Acquired identifiable intangible assets consist of the following, in thousands:
September 30,
2024		December 31,
2023
Customer relationships$159,934 $159,641 
Patents, developed technology and intellectual property14,123 14,123 
Trademarks and trade names8,880 8,880 
Non-compete agreements3,308 3,295 
Supply agreements 800 800 
Leaseholds160 160 
Total acquired intangible assets187,205 186,899 
Less: Accumulated amortization (a)(102,379)(95,681)
Net acquired intangible assets$84,826 $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 $6.4 million for the three and nine months ended September 30, 2024, respectively, and $2.1 million and $6.4 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 $2.1 million for the remainder of 2024, $8.5 million in 2025, $8.5 million in 2026, $8.5 million in 2027 and $54.6 million in the aggregate for the years 2028 through 2041.