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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Intangible Assets [Abstract]  
Summary of Total 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 
Summary of Weighted Average Useful Lives of Intangible Assets by Asset Class Used for Straight-line Expense Purposes
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
Summary of Future amortization
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