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INTANGIBLE ASSETS
 9 Months Ended
Sep. 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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September 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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$

117,690

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$

(56,883)

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$

60,807

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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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16,100

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(9,273)

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6,827

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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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42,149

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(18,487)

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23,662

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41,390

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(15,317)

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26,073

Total

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$

175,939

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$

(84,643)

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$

91,296

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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 $3,132 and $3,135 for the three months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, amortization expense was $9,350 and $9,381, respectively.

Estimated future intangible asset amortization expense as of September 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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3,124

2026

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12,400

2027

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11,958

2028

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11,193

2029

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9,554

Thereafter

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43,067

Total estimated amortization expense

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$

91,296

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