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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | 7. Goodwill and Other Intangible Assets: ​ The following table summarizes the changes in the carrying amount of goodwill for the three months ended March 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Distribution | ​ | Solutions | ​ | Consolidated
Balance January 1, 2023 | ​ | $ | 10,682 | ​ | $ | 8,281 | ​ | $ | 18,963
Goodwill acquired | ​ | ​ | 7,143 | ​ | ​ | — | ​ | ​ | 7,143
Translation adjustments | ​ | ​ | 833 | ​ | ​ | 243 | ​ | ​ | 1,076
Balance December 31, 2023 | ​ | $ | 18,658 | ​ | $ | 8,524 | ​ | $ | 27,182
Translation adjustments | ​ | ​ | (207) | ​ | ​ | (69) | ​ | ​ | (276)
Balance March 31, 2024 | ​ | $ | 18,451 | ​ | $ | 8,455 | ​ | $ | 26,906
​ Information related to the Company’s other intangibles, net is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of March 31, 2024
​ | ​ | Gross Carrying Amount | ​ | Accumulated Amortization | ​ | Net Carrying Amount
Customer and vendor relationships | ​ | $ | 30,638 | ​ | ​ | 5,093 | ​ | $ | 25,545
Trade name | ​ | ​ | 485 | ​ | ​ | 110 | ​ | ​ | 375
Total | ​ | $ | 31,123 | ​ | $ | 5,203 | ​ | $ | 25,920
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2023
​ | ​ | Gross Carrying Amount | ​ | Accumulated Amortization | ​ | Net Carrying Amount
Customer and vendor relationships | ​ | $ | 30,968 | ​ | $ | 4,424 | ​ | $ | 26,544
Trade name | ​ | ​ | 489 | ​ | ​ | 103 | ​ | ​ | 386
Total | ​ | $ | 31,457 | ​ | $ | 4,527 | ​ | $ | 26,930
​ Customer relationships are amortized over thirteen years. Vendor relationships are amortized between eight and fifteen years. Trade name is amortized over fifteen years. ​ During the three months ended March 31, 2024 and 2023, the Company recognized total amortization expense for other intangibles, net of $0.7 million and $0.5 million, respectively. ​ Estimated future amortization expense of the Company’s other intangibles, net as of March 31, 2024 is as follows: ​
​ | ​ | ​ | ​
2024 (excluding the three months ended March 31, 2024) |  | $ | 2,096
2025 | ​ |  | 2,795
2026 | ​ |  | 2,795
2027 | ​ |  | 2,795
2028 | ​ |  | 2,795
Thereafter | ​ |  | 12,644
Total | ​ | $ | 25,920
​

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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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