INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets, net comprised the following:


	June 30, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Finite-lived intangible assets:
Computer software	$	8,997	$	(8,764)	$	233	$	8,982	$	(8,625)	$	357
Customer relationships	99,805		(42,903)		56,902		99,806		(39,230)		60,576
Technology, formulations and recipes	110,381		(38,054)		72,327		110,381		(33,401)		76,980
Trade names and trademarks	131,493		(26,779)		104,714		131,492		(23,432)		108,060
Other	4,770		(4,618)		152		4,716		(4,488)		228
Total finite-lived intangible assets, net	355,446		(121,118)		234,328		355,377		(109,176)		246,201
Indefinite-lived intangible asset:
Trade name	2,801		—		2,801		2,801		—		2,801
Total Intangible assets, net	$	358,247	$	(121,118)	$	237,129	$	358,178	$	(109,176)	$	249,002

Amortization expense related to intangible assets was $5,931 and $11,864 for the three and six months ended June 30, 2025, respectively. Amortization expense related to intangible assets was $6,036 and $12,120 for the three and six months ended June 30, 2024, respectively.

The following are the estimated useful lives and the weighted-average amortization period remaining as of June 30, 2025, for the major classes of finite-lived intangible assets:


	Useful lives	Weighted-average amortization period remaining
Computer software	3 to 5 years	1 year
Customer relationships	7 to 18 years	9 years
Technology, formulations and recipes	8 to 12 years	8 years
Trade names and trademarks	15 to 20 years	16 years

The estimated aggregate future amortization expense for intangible assets subject to amortization as of June 30, 2025, is summarized below:


	Estimated Future Amortization Expense
For the period of July 1, 2025 to December 31, 2025	$	11,864
Year ending December 31,
2026	23,526
2027	23,353
2028	22,715
2029	21,583
2030	21,395
Thereafter	109,892
Total	$	234,328