XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.25.3

Goodwill and intangible assets | 9 Months Ended
--- | ---
Sep. 30, 2025
Goodwill and intangible assets |
Goodwill and intangible assets | Note 6 - Goodwill and intangible assets Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in business combinations accounted for under the purchase method of accounting. There was no goodwill impairment loss recognized for the nine-month period ended September 30, 2025, and year ended December 31, 2024. Based on the results of the impairment assessments of goodwill and intangible assets performed, management concluded the fair value of the Company’s goodwill exceeds the carrying value and there are no impairment indicators related to intangible assets. At September 30, 2025 and December 31, 2024 the Company had $62.3 million of goodwill. The Company’s other intangible assets consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | September 30, 2025 | ​ | December 31, 2024
​ | ​ | ​ | ​ | (unaudited) | ​ | ​
​ | ​ | Amortization | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Period |  | Carrying |  | Accumulated | ​ | ​ | ​ |  | Carrying |  | Accumulated | ​ | ​ | ​
(in thousands) |  | (in years) |  | Amount |  | Amortization |  | Net |  | Amount |  | Amortization |  | Net
Intangible assets with determinable lives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Covenant not to compete |  | 5 – 10 | ​ | ​ | 930 | ​ | ​ | 885 | ​ | ​ | 45 | ​ | ​ | 930 | ​ | $ | 876 | ​ | ​ | 54
Customer relationships |  | 2 – 12 | ​ | ​ | 32,680 | ​ | ​ | 22,444 | ​ | ​ | 10,236 | ​ | ​ | 32,680 | ​ | ​ | 20,246 | ​ | ​ | 12,434
Above market leases |  | 13 | ​ | ​ | 567 | ​ | ​ | 354 | ​ | ​ | 213 | ​ | ​ | 567 | ​ | ​ | 321 | ​ | ​ | 246
Trade name |  | 5 | ​ | ​ | 1,540 | ​ | ​ | 402 | ​ | ​ | 1,138 | ​ | ​ | 1,540 | ​ | ​ | 174 | ​ | ​ | 1,366
Total identifiable intangible assets | ​ | ​ | ​ | $ | 35,717 | ​ | $ | 24,085 | ​ | $ | 11,632 | ​ | $ | 35,717 | ​ | $ | 21,617 | ​ | $ | 14,100
​ Amortization expense for the nine-month periods ended September 30, 2025 and 2024 was $2.5 million and $2.4 million, respectively. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration