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Goodwill and Intangibles | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangibles | Goodwill and Intangibles Goodwill activity for the year consisted of the following at December 31, (in thousands):
| 2024 |  | 2023
Balance at beginning of year | $ | 17,376 |  |  | $ | 17,376 |
Additions | — |  |  | — |
Impairment | — |  |  | — |
Balance at end of year | $ | 17,376 |  |  | $ | 17,376 |
Intangible assets at December 31, 2024 were comprised of the following (in thousands):
Definite-lived Intangible Assets | Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade Name | 25 years |  | $ | 250 |  |  | $ | (99) |  |  | $ | 151 |
Trademarks | 10 years |  | 1,610 |  |  | (1,120) |  |  | 490 |
Developed Technology | 7 years |  | 4,420 |  |  | (4,393) |  |  | 27 |
Customer Relationships | 10-12 years |  | 9,330 |  |  | (5,568) |  |  | 3,762 |
Total |  |  | $ | 15,610 |  |  | $ | (11,180) |  |  | $ | 4,430 |
Intangible assets at December 31, 2023 were comprised of the following (in thousands):
Definite-lived Intangible Assets | Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trade Name | 25 years |  | $ | 250 |  |  | $ | (88) |  |  | $ | 162 |
Trademarks | 10 years |  | 1,610 |  |  | (959) |  |  | 651 |
Non-competition Agreement | 5 Years |  | 1,810 |  |  | (1,810) |  |  | — |
Developed Technology | 7 years |  | 4,420 |  |  | (3,762) |  |  | 658 |
Customer Relationships | 10-12 years |  | 9,330 |  |  | (4,784) |  |  | 4,546 |
Total |  |  | $ | 17,420 |  |  | $ | (11,403) |  |  | $ | 6,017 |
The Company incurred $1,587,000, $1,602,000 and $1,948,000 of amortization expense for the years ended December 31, 2024, 2023, and 2022, respectively. As of December 31, 2024, future intangible amortization is as follows (in thousands):
| Amortization Expense
2025 | $ | 952 |
2026 | 915
2027 | 915
2028 | 761
2029 | 754
2030 and thereafter | 133
Total intangibles as of December 31, 2024 | $ | 4,430 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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