XML 28 R14.htm IDEA: XBRL DOCUMENT v3.24.3
Intangible Assets, net
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net Intangible Assets, net
The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives:
September 30, 2024December 31, 2023
Weighted-
Average
Remaining
Useful Lives
(in years)		Gross
Carrying
Value		Accumulated
Amortization		Net Carrying
Value		Weighted-
Average
Remaining
Useful Lives
(in years)		Gross Carrying
Value		Accumulated
Amortization		Net Carrying Value
Acquired Technology0$5,500 $5,500 $— 0$5,500 $5,271 $229 
Trademarks and Trade Names1228,550 6,132 22,418 1328,550 4,704 23,846 
Trademarks and Trade NamesIndefinite1,368 — 1,368 Indefinite1,368 — 1,368 
Customer Relationships12,550 1,805 745 22,550 1,328 1,222 
Total$37,968 $13,437 $24,531 $37,968 $11,303 $26,665 
With respect to intangible assets, the Company amortized $0.6 million and $1.1 million for the three months ended September 30, 2024 and 2023, respectively, and $2.1 million and $3.3 million for the nine months ended September 30, 2024 and 2023, respectively, included in depreciation and amortization expense.
Estimated future amortization expense as of September 30, 2024 is as follows (in thousands):
Remainder of 2024$635 
20252,488 
20261,903 
20271,903 
20281,903 
Thereafter14,331 
Total$23,163 
Goodwill Impairment
The Company reviews goodwill for impairment annually as of October 1 and more frequently if events or changes in circumstances indicate an impairment may exist (a “triggering event”). As of September 30, 2024, the Company had $57.6 million of goodwill recorded on its condensed consolidated balance sheet. The Company concluded there were no impairment triggering events as of, and for, the three and nine months ended September 30, 2024.