INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

Intangible Assets

Intangible assets consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):

	Useful lives	2025		2024
INTANGIBLE ASSETS
Patents	4-10 years	$	100	$	100
Customer relationships	8-15 years	51,789		48,036
Technology	3-5 years	8,683		8,371
Non-compete	3 years	391		391
Tradenames	2-10 years	12,770		12,253
Intangible assets, at cost		73,733		69,151
Accumulated amortization		(51,407)		(43,207)
Intangible assets, net of accumulated amortization		$	22,326	$	25,944

For the three months ended June 30, 2025 and 2024, the Company recorded amortization expense of $2.5 million and $1.9 million, respectively. For the six months ended June 30, 2025 and 2024, the Company recorded amortization expense of $4.8 million and $3.8 million, respectively. Changes to gross carrying amount of recognized intangible assets due to translation adjustments include approximately $3.8 million as of June 30, 2025 and ($0.8) million as of December 31, 2024.