XML 41 R24.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets with finite lives acquired through a business combination are recorded at fair value, less accumulated amortization. Customer relationships and trade-names are amortized on a straight-line basis over their expected useful lives of 15 to 20 years and 5 years, respectively.

Goodwill

There was no change in the carrying amount of goodwill for the year ended December 31, 2024.

Finite-Lived Intangible Assets

Intangible assets subject to amortization were as follows:


	December 31, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	36,820	$	(5,666)	$	31,154	$	36,820	$	(3,760)	$	33,060
Licenses	18,451		(6,919)		11,532		18,451		(5,996)		12,455
Trade names	1,100		(642)		458		1,100		(422)		678
Total	$	56,371	$	(13,227)	$	43,144	$	56,371	$	(10,178)	$	46,193

For the years ended December 31, 2024 and 2023, the Company recorded amortization expense on intangible assets of $3.0 million and $3.0 million, respectively.

The estimated aggregate amortization expense for each of the next five years is as follows:


Year	Amount
2025	$	3,049
2026	3,049
2027	2,866
2028	2,829
2029	2,829