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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2025
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, 2025

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December 31, 2024

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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

 

14.1 years

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$

118,116

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$

(54,945)

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$

63,171

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$

116,370

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$

(50,098)

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$

66,272

Trade name

 

13.7 years

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16,172

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(9,099)

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7,073

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15,890

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(8,564)

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7,326

Design and technologies

 

10.5 years

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42,315

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(17,664)

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24,651

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41,390

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(15,317)

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26,073

Total

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$

176,603

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$

(81,708)

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$

94,895

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$

173,650

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$

(73,979)

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$

99,671

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Amortization expense for intangible assets was $3,125 and $3,131 for the three months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024, amortization expense was $6,218 and $6,246, respectively.

Estimated future intangible asset amortization expense as of June 30, 2025 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 2025

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6,276

2026

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12,454

2027

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12,011

2028

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11,247

2029

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9,608

Thereafter

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43,299

Total estimated amortization expense

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$

94,895

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