XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Other Intangible, Net and Goodwill | 3 Months Ended
--- | ---
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Other Intangibles, Net 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. There was no change in the gross amount of identifiable intangible assets during the three months ended March 31, 2024. The $97.3 million of other intangibles, net recorded in the consolidated balance sheet at March 31, 2024 includes $31.6 million of indefinite lived trade name intangible assets, not subject to amortization, along with $65.7 million finite lived intangible assets, net. Amortization expense of $1.3 million and $1.3 million for the three months ended March 31, 2024 and 2023, respectively, was included in depreciation and amortization in the consolidated statements of comprehensive income (loss). Intangible assets subject to amortization consisted of the following at March 31, 2024:
| Amortization period (years) |  | Gross Amount |  | Accumulated Amortization |  | Net finite intangible assets
|  |  | (in thousands)
Customer relationships | 15-20 |  | $ | 75,836 |  |  | $ | 13,716 |  |  | $ | 62,120 |
Trade name | 0.5-10 |  | 12,900 |  |  | 10,300 |  |  | 2,600 |
Covenants not to compete | 1-10 |  | 5,839 |  |  | 4,900 |  |  | 939 |
|  |  | $ | 94,575 |  |  | $ | 28,916 |  |  | $ | 65,659 |
The carrying amount of goodwill was $322.6 million at March 31, 2024 and December 31, 2023.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration