INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

Intangible assets and related accumulated amortization were as follows:

	March 31, 2024						December 31, 2023
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Asset Value		Gross Carrying Amount		Accumulated Amortization		Net Asset Value
Amortizable intangible assets:
Manufacturer relationships	$	71,849	$	29,003	$	42,846	$	71,849	$	26,968	$	44,881
Customer relationships	10,395		5,117		5,278		10,395		4,893		5,502
Non-compete agreements	230		178		52		230		167		63
	82,474		34,298		48,176		82,474		32,028		50,446
Non-amortizable intangible assets:
Trade names and trademarks	30,100		—		30,100		30,100		—		30,100
Total	$	112,574	$	34,298	$	78,276	$	112,574	$	32,028	$	80,546

Amortization expense on intangible assets was $2.3 million and $1.8 million for the three months ended March 31, 2024 and 2023, respectively.

Future amortization of intangible assets is as follows:

(In thousands)
Remainder of 2024	$	6,104
2025	8,070
2026	7,391
2027	7,080
2028	7,004
Thereafter	12,527
Total	$	48,176