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Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets Intangible assets consist of customer relationships and trademark/trade names. Customer relationships are amortized on a straight‑line basis over useful lives of six and ten years. Trademark/trade names are amortized on a straight‑line basis over useful l ives of ten and fifteen years. Amortization expense included in net (loss) income for the three and nine months ended September 30, 2024 was $2.2 million and $5.4 million, respectively. Amortization expense included in net income for the three and nine months ended September 30, 2023 was $1.4 million and $4.2 million, respectively. The Company’s intangible assets subject to amortization consisted of the following:
(in thousands) |  |  |
| September 30, 2024 |  | December 31, 2023
Intangible assets: |  |  |
Trademark/trade names | $ | 12,100 |  |  | $ | 10,800 |
Customer relationships | 65,100 |  |  | 46,500 |
Total intangible assets | 77,200 |  |  | 57,300 |
Accumulated amortization: |  |  |
Trademark/trade name | (2,099) |  |  | (1,260) |
Customer relationships | (9,946) |  |  | (5,425) |
Total accumulated amortization | (12,045) |  |  | (6,685) |
Intangible assets — net | $ | 65,155 |  |  | $ | 50,615 |
Estimated remaining amortization expense for each of the subsequent fiscal years is expected to be as follows:
(in thousands) |
Year | Estimated future amortization expense
2024 | $ | 2,229 |
2025 | 8,917 |
2026 | 8,917 |
2027 | 8,917 |
2028 and beyond | 36,175 |
Total | $ | 65,155 |
The average amortization period for our remaining intangible assets is approximately 7.6 years.

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