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Acquired Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Acquired Intangible Assets | Acquired Intangible Assets Acquired identifiable intangible assets consist of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Customer relationships | $ | 309,140 |  |  | $ | 303,547 |
Patents, developed technology and intellectual property | 14,123 |  |  | 14,123 |
Trademarks and trade names | 85,248 |  |  | 82,220 |
Non-compete agreements | 3,292 |  |  | 3,308 |
Supply agreements | 800 |  |  | 800 |
Leaseholds | 160 |  |  | 160 |
Total acquired intangible assets | 412,763 |  |  | 404,158 |
Less: accumulated amortization (a) | (110,227) |  |  | (106,304) |
Net acquired intangible assets | $ | 302,536 |  |  | $ | 297,854 |
(a)Applies to all intangible assets, except for trademarks and trade names totaling $77.9 million, which have indefinite useful lives and, as such, are not being amortized. Total amortization expense for acquired intangible assets was $4.4 million and $2.1 million for the three months ended March 31, 2025 and 2024, respectively. Based on the current estimated useful lives assigned to our intangible assets, amortization expense is estimated to be $13.1 million for the remainder of 2025, $17.5 million in 2026, $17.5 million in 2027, $17.5 million in 2028 and $159.0 million in the aggregate for the years 2029 through 2041.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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