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Intangible Assets, net | 3 Months Ended
--- | ---
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, net | Intangible Assets, net Intangible Assets, net The Company had the following intangible assets (in thousands) with their weighted average remaining amortization period (in years): Intangible Assets, net
| Weighted Average Remaining Amortization Period | As of
| March 31, 2024 |  | December 31, 2023
Customer Relationships | 6.2 | $ | 17,396 |  |  | $ | 17,325 |
Digital Networks | 14.0 | 803 |  |  | 803 |
Trade Names | 67.2 | 9,971 |  |  | 9,970 |
Intangible Assets, gross |  | 28,170 |  |  | 28,098 |
Less Accumulated Amortization |  | (4,381) |  |  | (3,794) |
Foreign Currency Translation Adjustment |  | (1,674) |  |  | (1,311) |
Intangible Assets, net |  | $ | 22,115 |  |  | $ | 22,993 |
_______________________ During the three months ended March 31, 2024 and 2023, the Company recorded intangible asset amortization expense of $0.5 million and $0.6 million, respectively. During the three months ended March 31, 2023, due to changes in the Company's financial projections, the Company reassessed its definite and indefinite-lived intangible asset values to determine whether impairments existed. As a result, the Company recorded a total Impairment of Intangible Assets of $4.0 million within Operating Expenses in the condensed consolidated statement of operations for the three months ended March 31, 2023. Expected future amortization of intangible assets subject to amortization as of March 31, 2024 is as follows (in thousands):
Fiscal Year: |
2024 | $ | 1,544 |
2025 | 2,059 |
2026 | 2,059 |
2027 | 2,059 |
2028 | 2,059 |
Thereafter | 6,787 |
Total | $ | 16,567 |
As of March 31, 2024, $5.5 million of the Company’s intangible assets related to the acquired trade names from the Wow acquisition had indefinite lives and are not subject to amortization.

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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 + Details
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