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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2024
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

7.    INTANGIBLE ASSETS

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Intangible assets on the Company’s condensed consolidated balance sheets consist of the following:

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Weighted Average

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June 30, 2024

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December 31, 2023

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Amortization

    

Gross

    

Accumulated

    

Net Book

    

Gross

    

Accumulated

    

Net Book

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Period

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Amount

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Amortization

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Value

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Amount

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Amortization

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Value

Customer lists

 

14.3 years

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$

117,489

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$

(46,308)

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$

71,181

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$

116,831

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$

(42,421)

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$

74,410

Trade name

 

13.9 years

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16,054

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(8,246)

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7,808

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15,572

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(7,916)

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7,656

Design and technologies

 

10.6 years

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41,883

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(13,779)

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28,104

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41,480

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(12,173)

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29,307

Total

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$

175,426

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$

(68,333)

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$

107,093

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$

173,883

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$

(62,510)

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$

111,373

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Amortization expense for intangible assets was $3,131 and $3,142 for the three months ended June 30, 2024 and 2023, respectively. For the six months ended June 30, 2024 and 2023, amortization expense was $6,246 and $6,151, respectively.

Estimated future intangible asset amortization expense as of June 30, 2024 is as follows:

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Year ending December 31, 

    

Total

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Estimated

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Amortization Expense

Remainder of 2024

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$

6,273

2025

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12,494

2026

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12,397

2027

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11,954

2028

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11,220

Thereafter

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52,755

Total estimated amortization expense

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$

107,093

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