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Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

Intangible Assets, Net

Intangible Assets, Net

Note 10. Intangible Assets, Net

The following table summarizes intangible assets, net as of September 30, 2023 and December 31, 2022:

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​	​	​	​	​	​	​	​	​	​
​	​	September 30, 2023
​	​	​		​	Accumulated		​	​
(Thousands)		Cost			Amortization			Net
Customer relationships	​	$	148,648	​	$	(24,560)	​	$	124,088
Favorable lease asset	​	​	790	​	​	(345)	​	​	445
Software	​	​	1,058	​	​	(529)	​	​	529
Intangible assets, net	​	$	150,496	​	$	(25,434)	​	$	125,062

​

​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2022
​	​	​		​	Accumulated		​	​
(Thousands)		Cost			Amortization			Net
Customer relationships	​	$	148,648	​	$	(18,778)	​	$	129,870
Favorable lease asset	​	​	710	​	​	(140)	​	​	570
Software	​	​	919	​	​	(473)	​	​	446
Intangible assets, net	​	$	150,277	​	$	(19,391)	​	$	130,886

​

Amortization expense of intangible assets was $2.0 million and $6.0 million for the three and nine months ended September 30, 2023, respectively, and amortization expense of intangible assets was $1.7 million and $5.0 million for the three and nine months ended September 30, 2022, respectively. As of September 30, 2023, the weighted average useful life for definite-lived intangibles is approximately 20 years.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350-30/tableOfContent

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- References

No definition available.

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