XML 28 R17.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Intangible Assets
 6 Months Ended
Jun. 30, 2024
Intangible Assets [Abstract]  
Intangible Assets Intangible Assets
Total intangible assets consisted of the following at June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024December 31, 2023
Gross AmountAccumulated
Amortization 		Net BalanceGross AmountAccumulated
Amortization 		Net Balance
Customer relationships$58,454 $(8,153)$50,301 $43,644 $(5,643)$38,001 
Contract rights16,131 (12,623)3,508 14,261 (8,036)6,225 
Leasehold518 (142)376 518 (105)413 
Domain name281 – 281 281 – 281 
Licensing rights1,374 – 1,374 1,374 – 1,374 
Total$76,758 $(20,918)$55,840 $60,078 $(13,784)$46,294 
The domain name and licensing rights acquired for a total of $1.7 million, have indefinite useful lives.
The following table summarizes the weighted average useful lives of intangible assets by asset class used for straight-line expense purposes:
June 30, 2024December 31, 2023
Customer relationships11.3411.27
Contract rights1.701.84
Leasehold7.867.86
Amortization expense for the three and six months ended June 30, 2024 was $3.8 million and $7.2 million, respectively. Amortization expense for the three and six months ended June 30, 2023 was $2.3 million and $3.7 million, respectively.
Future amortization for the remainder of 2024 and for the succeeding years is as follows (in thousands):
20245,753 
20256,174 
20265,607 
20275,434 
20284,998 
Thereafter26,219 
Total$54,185