INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

Intangible Assets

Intangible assets consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):

	Useful lives	2024		2023
INTANGIBLE ASSETS
Patents	4-10 years	$	182	$	182
Customer relationships	8-15 years	52,414		52,588
Technology	3-5 years	8,921		8,944
Domain	7 years	14		14
Non-compete	3 years	391		391
Tradenames	2-10 years	12,718		12,723
Intangible assets, at cost		74,640		74,842
Accumulated amortization		(32,641)		(28,878)
Intangible assets, net of accumulated amortization		$	41,999	$	45,964

For the three months ended June 30, 2024 and 2023, the Company recorded amortization expense of $1.9 million and $2.2 million, respectively. For the six months ended June 30, 2024 and 2023, the Company recorded amortization expense of $3.8 million and $4.3 million, respectively. Changes to gross carrying amount of recognized intangible assets due to translation adjustments include approximately ($0.4) million as of June 30, 2024 and ($0.1) million as of December 31, 2023.