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Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill All intangible assets determined to have finite lives are amortized over their estimated useful lives. The useful life of an intangible asset is the period over which the asset is expected to contribute directly or indirectly to future cash flows. The $98.5 million of other intangibles, net recorded in the consolidated balance sheet at December 31, 2023 includes $31.6 million of indefinite lived trade name intangible assets, not subject to amortization, along with $66.9 million finite lived intangible assets, net. There was no change in the gross amount of identifiable intangible assets during the twelve months ended December 31, 2023. Amortization expense of $5.2 million, $3.7 million and $2.4 million for the twelve months ended December 31, 2023, 2022 and 2021, respectively, was included in depreciation and amortization in the consolidated statements of comprehensive income. Intangible assets subject to amortization consisted of the following at December 31, 2023 and 2022:
| 2023
| Amortization period (years) |  | Gross Amount |  | Accumulated Amortization |  | Net finite intangible assets
|  |  | (in thousands)
Customer relationships | 15-20 |  | $ | 75,836 |  |  | $ | 12,637 |  |  | $ | 63,199 |
Tradename | 0.5-10 |  | 12,900 |  |  | 10,180 |  |  | 2,720 |
Covenants not to compete | 1-10 |  | 5,839 |  |  | 4,845 |  |  | 994 |
|  |  | $ | 94,575 |  |  | $ | 27,662 |  |  | $ | 66,913 |
| 2022
| Amortization period (years) |  | Gross Amount |  | Accumulated Amortization |  | Net finite intangible assets
|  |  | (in thousands)
Customer relationships | 15-20 |  | $ | 75,836 |  |  | $ | 8,441 |  |  | $ | 67,395 |
Tradename | 0.5-10 |  | 12,900 |  |  | 9,700 |  |  | 3,200 |
Covenants not to compete | 1-10 |  | 5,839 |  |  | 4,357 |  |  | 1,482 |
|  |  | $ | 94,575 |  |  | $ | 22,498 |  |  | $ | 72,077 |
Change in carrying amount of goodwill:
Goodwill | (in thousands)
Balance at December 31, 2022 | $ | 320,675 |
Purchase accounting | 1,922 |
Balance at December 31, 2023 | $ | 322,597 |
Future amortization expense for intangible assets is estimated at $5.0 million for 2024, $5.0 million for 2025, $5.0 million for 2026, $5.0 million for 2027, and $4.9 million for 2028.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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