Annual report pursuant to Section 13 and 15(d)

Goodwill & Intangible Assets (Tables)

v3.24.1
Goodwill & Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Amount of Goodwill The following table presents changes in goodwill (in thousands):
Balance as of December 31, 2022 $ 38,481
Impairment loss (38,481)
Balance as of December 31, 2023 $ —
Schedule of Finite-Lived Intangible Assets
Intangible assets, net, consisted of the following as of December 31, 2023 (in thousands):
Gross Carrying Amount Accumulated Amortization Net Value Remaining Useful Life (Years)
Customer relationships $ 40,200 $ (4,397) $ 35,803 14.25
Trade name 7,400 (1,850) 5,550 5.25
Non-compete agreements 4,700 (4,700) — 0
Total: $ 52,300 $ (10,947) $ 41,353
Intangible assets, net, consisted of the following as of December 31, 2022 (in thousands):
Gross Carrying Amount Accumulated Amortization Net Value Remaining Useful Life (Years)
Customer relationships $ 40,200 $ (1,884) $ 38,316 15.25
Trade name 7,400 (793) 6,607 6.25
Non-compete agreements 4,700 (2,350) 2,350 0.75
Total: $ 52,300 $ (5,027) $ 47,273
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of December 31, 2023, future amortization expense is expected to be as follows (in thousands):

2024 $ 3,570
2025 3,570
2026 3,570
2027 3,570
2028 3,570
Thereafter 23,503
Total $ 41,353