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INTANGIBLE ASSETS AND GOODWILL
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
Intangible assets
As of December 31, 2024 and 2023, intangible assets that will continue to be amortized and those not amortized were:
 Weighted
Average
Amortization
Period
(years)
20242023
 Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Amortized intangible assets:       
Water pumping rightsusage$2,296 $142 $2,154 $1,084 $137 $947 
Water planning studies1322,534 11,015 11,519 19,470 10,214 9,256 
Leasehold improvements and other185,104 1,952 3,152 5,128 1,837 3,291 
Total $29,934 $13,109 $16,825 $25,682 $12,188 $13,494 
Unamortized intangible assets:       
Perpetual water rights and other $7,278 $— $7,278 $7,239 $— $7,239 
Water pumping rights usage is the amount of water pumped from aquifers to be treated and distributed to customers.
For the year ended December 31, 2024, 2023, and 2022 amortization of intangible assets was $2.1 million, $1.5 million, and $1.5 million, respectively.
Estimated future amortization expense related to intangible assets are shown in the table below:
Year Ending December 31,Estimated Future Amortization Expense Related to Intangible Assets
2025$2,124 
20261,792 
20271,553 
20281,464 
20291,274 
Thereafter8,618 
Total$16,825 
Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 were as follows:
20242023
Beginning balance$37,039 $36,814 
Acquisitions24 225 
Total ending goodwill balance$37,063 $37,039