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Intangible Assets, net
 6 Months Ended
Jun. 30, 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 PeriodAs of
June 30, 2024December 31, 2023
Customer Relationships6.0$17,429 $17,325 
Digital Networks13.8803 803 
Trade Names66.99,957 9,970 
Logo0.57 – 
Intangible Assets, gross28,196 28,098 
Less Accumulated Amortization(4,909)(3,794)
Foreign Currency Translation Adjustment(1,834)(1,311)
Intangible Assets, net$21,453 $22,993 
_______________________
During the three months ended June 30, 2024 and June 30, 2023 the Company recorded intangible asset amortization expense of $0.5 million for each reporting period. During the six months ended June 30, 2024 and June 30, 2023, the Company recorded intangible asset amortization expense of $1.0 million and $1.1 million, respectively.
The Company did not incur any impairment charges on its definite and indefinite-lived intangible assets during the three and six months ended June 30, 2024.
During the six months ended June 30, 2023, the Company recorded a total Impairment of Intangible Assets of $4.0 million within Operating Expenses in the condensed consolidated statement of operations. The impairment charge consisted of a write-down of definite-lived intangible assets of $2.8 million due to a decrease in an asset group’s estimated undiscounted cash flows. Furthermore, it was determined that the Frederator tradename, an indefinite-lived intangible asset, was impaired by $1.3 million.
Expected future amortization of intangible assets subject to amortization as of June 30, 2024 is as follows (in thousands):
Fiscal Year:
2024$1,027 
20252,040 
20262,040 
20272,040 
20282,040 
Thereafter6,764 
Total$15,951 
As of June 30, 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.