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Intangible Assets, Net
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

(5) Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

 

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Intangible assets:

 

 

 

 

 

 

Finite-lived intangible assets:

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

 

Customer relationships

 

 

145,051

 

 

 

145,051

 

Accumulated amortization:

 

 

 

 

 

 

Customer relationships

 

 

(136,175

)

 

 

(135,337

)

Total finite-lived intangible assets, net

 

 

8,876

 

 

 

9,714

 

Trade name (indefinite-lived)

 

 

31,646

 

 

 

31,646

 

Total intangible assets, net

 

$

40,522

 

 

$

41,360

 

 

 

As of March 31, 2022, estimated amortization expense of the Company’s intangible assets for each of the next five years and thereafter is as follows (in thousands):

 

 

 

Amortization

 

Remainder of 2022

 

$

2,515

 

2023

 

 

2,199

 

2024

 

 

1,443

 

2025

 

 

946

 

2026

 

 

620

 

Later years

 

 

1,153

 

 

 

$

8,876