Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Our definite-lived intangible assets were comprised of the following:

	December 31, 2023
	Weighted- Average Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets:
Trademarks/tradenames	22 years	$	11,485	$	(5,758)	$	5,727
Customer relationships	15 years	14,132		(10,071)		4,061
Technical know-how	5 years	9,790		(8,403)		1,387
Covenant not to compete	5 years	330		(283)		47
		$	35,737	$	(24,515)	$	11,222

	December 31, 2022
	Weighted- Average Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets:
Trademarks/tradenames	22 years	$	11,487	$	(5,377)	$	6,110
Customer relationships	15 years	14,161		(9,109)		5,052
Technical know-how	5 years	9,790		(6,445)		3,345
Covenant not to compete	5 years	330		(217)		113
		$	35,768	$	(21,148)	$	14,620

The aggregate intangible asset amortization expense was $3.4 million for the fiscal year ended December 31, 2023, 2022 and 2021. The estimated intangible asset amortization expense for each of the five succeeding fiscal years ending after December 31, 2023 is $2.9 million for the year ending December 31, 2024 and $1.4 million for the years ending December 31, 2025 through 2028.