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Acquired Intangible Assets
3 Months Ended
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 property14,123 14,123 
Trademarks and trade names85,248 82,220 
Non-compete agreements3,292 3,308 
Supply agreements 800 800 
Leaseholds160 160 
Total acquired intangible assets412,763 404,158 
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.