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Acquired Intangible Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets Acquired Intangible Assets
Acquired identifiable intangible assets consist of the following (in thousands):
June 30,
2025
December 31,
2024
Customer relationships$322,786 $303,547 
Patents, developed technology and intellectual property14,123 14,123 
Trademarks and trade names91,775 82,220 
Non-compete agreements3,299 3,308 
Supply agreements 800 800 
Leaseholds160 160 
Total acquired intangible assets432,943 404,158 
Less: accumulated amortization (a)
(115,531)(106,304)
Net acquired intangible assets$317,412 $297,854 
(a)Applies to all intangible assets, except for trademarks and trade names totaling $84.3 million, which have indefinite useful lives and, as such, are not amortized.
Total amortization expense for acquired intangible assets was $4.6 million and $9.0 million for the three and six months ended June 30, 2025, respectively, and $2.1 million and $4.3 million for the comparable periods in 2024. Based on the current estimated useful lives assigned to our intangible assets, amortization expense is estimated to be $9.4 million for the remainder of 2025, $18.8 million in 2026, $18.8 million in 2027, $18.8 million in 2028 and $167.3 million in the aggregate for the years 2029 through 2041.