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OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2024
OTHER INTANGIBLE ASSETS [Abstract]  
Intangible Assets Disclosure [Text Block]

(7)OTHER INTANGIBLE ASSETS

Other intangible assets, net which are included in the accompanying Consolidated Balance Sheets consisted of the following (in thousands):

    

    

    

    

Acquisitions

    

Effect of

    

 

December 31,

and

Foreign

December 31,

 

2023

Amortization

Impairments

Adjustments

Currency

2024

 

Customer relationships, gross

$

348,673

$

$

 

$

7,198

 

$

(3,160)

$

352,711

Customer relationships - accumulated amortization

 

(150,385)

 

(32,939)

 

 

(7,198)

 

2,512

 

(188,010)

Other intangible assets, gross

 

21,099

 

 

 

(1)

 

(255)

 

20,843

Other intangible assets - accumulated amortization

 

(20,954)

 

(38)

 

 

1

 

255

 

(20,736)

Other intangible assets, net

$

198,433

$

(32,977)

$

$

$

(648)

$

164,808

    

    

    

    

Acquisitions

    

Effect of

    

 

December 31,

and

Foreign

December 31,

 

2022

Amortization

Impairments

Adjustments

Currency

2023

 

Customer relationships, gross

$

347,992

$

$

$

$

681

$

348,673

Customer relationships - accumulated amortization

 

(116,038)

 

(33,768)

 

 

 

(579)

 

(150,385)

Other intangible assets, gross

 

21,044

 

 

 

 

55

 

21,099

Other intangible assets - accumulated amortization

 

(19,089)

 

(1,810)

 

 

 

(55)

 

(20,954)

Other intangible assets, net

$

233,909

$

(35,578)

$

$

$

102

$

198,433

Customer relationships are being amortized over the remaining weighted average useful life of 5.5 years and other intangible assets are being amortized over the remaining weighted average useful life of 1.1 years. Amortization expense related to intangible assets was $33.0 million, $35.6 million and $37.1 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Expected future amortization of other intangible assets as of December 31, 2024 is as follows (in thousands):

2025

    

$

30,941

2026

 

30,880

2027

 

30,880

2028

 

30,135

2029

 

24,272

Thereafter

 

17,700

Total

$

164,808