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INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
Intangible assets, net as of March 31, 2026 were as follows (in thousands):
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Useful Life (Years)
Trademarks and trade names$864,800 $— $864,800 Indefinite
Supplier relationships160,740 (129,306)31,434 8.0
Other definite-lived intangibles5,291 (4,116)1,175 2.0
Total$1,030,831 $(133,422)$897,409 7.9
Intangible assets, net as of December 31, 2025 were as follows (in thousands):
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Useful Life (Years)
Trademarks and trade names$864,800 $— $864,800 Indefinite
Supplier relationships160,740 (124,072)36,668 8.0
Other definite-lived intangibles5,246 (3,671)1,575 2.0
Total$1,030,786 $(127,743)$903,043 7.9
Amortization expense for intangible assets was $5.7 million for the three months ended March 31, 2026 and 2025.