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Intangible and Other Non-Current Assets | 3 Months Ended
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Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
INTANGIBLE AND OTHER NON-CURRENT ASSETS | INTANGIBLE AND OTHER NON-CURRENT ASSETS Intangible and other non-current assets are as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
Trade names | $ | 28,116 |  |  | $ | 28,116 |
Internally developed software, net of accumulated amortization of $831 and $764, respectively | 6,307 |  |  | 5,601 |
Capitalized commissions on preneed contracts, net of accumulated amortization of $4,616 and $4,653, respectively | 4,773 |  |  | 4,991 |
Prepaid agreements not-to-compete, net of accumulated amortization of $3,654 and $3,543, respectively | 814 |  |  | 923 |
Non-current prepaid and other intangibles, net of accumulated amortization of $142 and $109, respectively | 908 |  |  | 1,011 |
Other | 49 |  |  | — |
Intangible and other non-current assets, net including HFS | $ | 40,967 |  |  | $ | 40,642 |
Less: Held for sale | (223) |  |  | (215) |
Intangible and other non-current assets, net | $ | 40,744 |  |  | $ | 40,427 |
Trade Names Our trade names have indefinite lives and therefore are not amortized. During the three months ended March 31, 2024, two of the funeral homes that we sold had a carrying value of tradenames of $0.2 million, which was included in the loss on sale and recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations. Internally Developed Software Internally developed software is amortized on a straight-line basis typically over three to five years. Amortization expense was $0.1 million for both the three months ended March 31, 2025 and 2024. Capitalized Commissions We capitalize sales commissions and other direct selling costs related to preneed cemetery merchandise and services and preneed funeral trust contracts as these costs are incremental and recoverable costs of obtaining a contract with a customer. Our capitalized commissions on preneed contracts are amortized on a straight-line basis over the average maturity period of ten years for our preneed funeral trust contracts and eight years for our preneed cemetery merchandise and services contracts. Amortization expense was $0.2 million for both the three months ended March 31, 2025 and 2024. Prepaid Agreements Not-to-Compete Prepaid agreements not-to-compete are amortized over the term of the respective agreements, generally ranging from one to ten years. Amortization expense was $0.1 million for both the three months ended March 31, 2025 and 2024. Non-current Prepaid and Other Intangibles Non-current prepaid agreements are related to software licenses that have been prepaid for multiple years. These agreements are amortized on a straight-line basis over the term of the respective agreements, generally ranging from two to three years. Other intangible assets relate to intellectual property and are amortized on a straight-line basis, typically over three years. Amortization expense was immaterial for both the three months ended March 31, 2025 and 2024. The aggregate amortization expense for our capitalized commissions, prepaid not-to-compete agreements, internal-use software and non-current prepaid and other agreements as of March 31, 2025 is as follows (in thousands):
| Capitalized Commissions |  | Prepaid Agreements Not-to-compete |  | Internally Developed Software |  | Non-current Prepaid and Other Intangibles
Years ending December 31, |  |  |  |  |  |  |
Remainder of 2025 | $ | 834 |  |  | $ | 281 |  |  | $ | 1,032 |  |  | $ | 381 |
2026 | 790 |  |  | 262 |  |  | 1,363 |  |  | 467 |
2027 | 739 |  |  | 142 |  |  | 1,362 |  |  | 60 |
2028 | 668 |  |  | 78 |  |  | 1,164 |  |  | — |
2029 | 572 |  |  | 38 |  |  | 1,109 |  |  | — |
Thereafter | 1,170 |  |  | 13 |  |  | 277 |  |  | — |
Total amortization expense | $ | 4,773 |  |  | $ | 814 |  |  | $ | 6,307 |  |  | $ | 908 |

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