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Intangible Assets
3 Months Ended
Mar. 31, 2022
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

Note 6. INTANGIBLE ASSETS

Intangible assets consisted of the following (in thousands):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Wholesale fuel supply contracts/rights

 

$

208,697

 

 

$

(104,266

)

 

$

104,431

 

 

$

212,194

 

 

$

(99,124

)

 

$

113,070

 

Trademarks/licenses

 

 

2,208

 

 

 

(1,193

)

 

 

1,015

 

 

 

2,208

 

 

 

(1,174

)

 

 

1,034

 

Covenant not to compete

 

 

450

 

 

 

(390

)

 

 

60

 

 

 

450

 

 

 

(367

)

 

 

83

 

Total intangible assets

 

$

211,355

 

 

$

(105,849

)

 

$

105,506

 

 

$

214,852

 

 

$

(100,665

)

 

$

114,187

 

 

See Note 2 regarding the purchase accounting for the final three sites acquired from 7-Eleven.