XML 36 R28.htm IDEA: XBRL DOCUMENT v3.25.2
Goodwill and Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

All of our intangible assets other than goodwill are considered to have definite lives and, as such, are subject to amortization. The following tables present the components of intangible assets within our consolidated balance sheets:

 

 

 

June 30, 2025

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Gross

 

 

Amortization

 

 

Net

 

Intangibles:

 

 

 

 

 

 

 

 

 

Naming rights

 

$

60.2

 

 

$

(15.9

)

 

$

44.3

 

Total

 

$

60.2

 

 

$

(15.9

)

 

$

44.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Gross

 

 

Amortization

 

 

Net

 

Intangibles:

 

 

 

 

 

 

 

 

 

Naming rights

 

$

60.2

 

 

$

(14.0

)

 

$

46.2

 

Total

 

$

60.2

 

 

$

(14.0

)

 

$

46.2

 

 

Amortization of intangible assets for the three and six months ended June 30, 2025 and 2024 was $1.0 million and $2.0 million, respectively. As stated above, the Company amended its naming rights agreement in July 2025. As a result, future amortization expense and the weighted average remaining useful life as of the balance sheet date are no longer an accurate reflection of the expected pattern of recognition of expense. Please see Note 15 “Subsequent Events” for more information on the amended terms of the agreement.