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Intangible Assets
 12 Months Ended
Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets

Note 8. INTANGIBLE ASSETS

Intangible assets consisted of the following (in thousands):

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Wholesale fuel supply contracts/rights

 

$

232,932

 

 

$

120,168

 

 

$

112,764

 

 

$

212,194

 

 

$

99,124

 

 

$

113,070

 

Trademarks/licenses

 

 

2,208

 

 

 

1,250

 

 

 

958

 

 

 

2,208

 

 

 

1,174

 

 

 

1,034

 

Covenant not to compete

 

 

650

 

 

 

453

 

 

 

197

 

 

 

450

 

 

 

367

 

 

 

83

 

Total intangible assets

 

$

235,790

 

 

$

121,871

 

 

$

113,919

 

 

$

214,852

 

 

$

100,665

 

 

$

114,187

 

See Note 3 regarding our acquisition of certain assets from CSS.

Amortization expense was $21.2 million, $20.0 million and $16.1 million for 2022, 2021 and 2020, respectively. Aggregate amortization expense is expected to be $20.7 million, $17.9 million, $15.9 million, $14.1 million and $12.2 million for 2023, 2024, 2025, 2026 and 2027, respectively.