Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets (Tables)

v3.25.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net consisted of the following as of December 31, 2024 (in thousands):
Gross Carrying Amount Accumulated Amortization Net Value Remaining Useful Life (Years)
Customer relationships $ 40,200 $ (6,909) $ 33,291 13.25
Trade name 7,400 (2,908) 4,492 4.25
Total: $ 47,600 $ (9,817) $ 37,783
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
Schedule of Future Amortization Expense
As of December 31, 2024, future amortization expense is expected to be as follows (in thousands):

2025 $ 3,570
2026 3,570
2027 3,570
2028 3,570
2029 2,777
Thereafter 20,726
Total $ 37,783