GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

GOODWILL AND INTANGIBLE ASSETS

Schedule of intangible assets excluding goodwill

The following is a summary of intangible assets excluding goodwill recorded as intangible assets on our Condensed Consolidated Balance Sheets as of June 30, 2024 (in thousands):

		As of June 30, 2024
		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount	Weighted-average remaining life (Years)
Trade name	$	45,000	$	—		$	45,000	Infinite
Customer relationships		50,000		(214	)		49,786	13
Total	$	95,000	$	(214	)	$	94,786

Schedule of Estimated amortization expense of the intangible assets to be recognized

Estimated amortization expense of the intangible assets to be recognized by the Company are as follows (in thousands):

Year ended December 31,
Remainder of 2024	$	1,923
2025		3,846
2026		3,846
2027		3,846
Thereafter		36,325
Total	$	49,786