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Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Definite-Lived Intangible Assets. The Company acquired definite-lived intangible assets in connection with various acquisitions of businesses. The distributor relationships have a carrying value of $56,275, net of accumulated amortization of $8,825. The distributor relationships have a useful life of 20 years. The amortization expense for the quarter and year to date ended September 30, 2024 was $814 and $2,441, respectively. The amortization expense for the quarter and year to date ended September 30, 2023 was $820 and $1,948, respectively.

As of September 30, 2024, the expected future amortization expense related to definite-lived intangible assets is as follows:
Remainder of 2024$814 
20253,255 
20263,255 
20273,255 
20283,255 
Thereafter42,441 
Total$56,275 

Goodwill and Indefinite-Lived Intangible Assets. The Company records goodwill and indefinite-lived intangible assets in connection with various acquisitions of businesses and allocates the goodwill and indefinite-lived intangible assets to its respective reporting units. The carrying amount of goodwill, which relates to the Branded Spirits segment, was $321,544 at both September 30, 2024 and December 31, 2023. The carrying amount of trade name indefinite-lived intangible assets, which relates to the Branded Spirits segment, was $212,990 at both September 30, 2024 and December 31, 2023.