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Intangible Assets, net
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net

Note 9: 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  As of
   Period   March 31, 2025  December 31, 2024
Customer Relationships  5.2  $17,325   $17,325 
Digital Networks  13.0   803    803 
Trade Names  66.2   9,970    9,970 
Intangible Assets, gross      28,098    28,098 
              
Less Accumulated Amortization      (6,311)   (5,822)
Foreign Currency Translation Adjustment      (2,487)   (2,555)
Intangible Assets, net     $19,300   $19,722 

 

During the three months ended March 31, 2025 and 2024, the Company recorded intangible asset amortization expense of $0.5 million and $0.5 million, respectively.

 

Expected future amortization of intangible assets subject to amortization as of March 31, 2025 is as follows (in thousands):

    
Fiscal Year:   
2025  $1,469 
2026   1,959 
2027   1,959 
2028   1,959 
2029   1,959 
Thereafter   4,703 
Total  $14,008 

 

As of March 31, 2025, $5.3 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.