XML 57 R45.htm IDEA: XBRL DOCUMENT v3.25.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill during 2023 were as follows (in thousands):
Balance as of December 31, 2022$83,460 
Acquisitions40,735 
Measurement period adjustments related to prior acquisitions(6,225)
Goodwill impairment(117,970)
Balance as of December 31, 2023$— 
Schedule of Finite-Lived Intangible Assets
Intangible assets and related accumulated amortization were as follows:
December 31, 2024December 31, 2023
(In thousands)Gross Carrying AmountAccumulated AmortizationNet Asset ValueGross Carrying AmountAccumulated AmortizationNet Asset Value
Amortizable intangible assets:
Manufacturer relationships$45,649 $25,204 $20,445 $71,849 $26,968 $44,881 
Customer relationships10,050 5,655 4,395 10,395 4,893 5,502 
Non-compete agreements230 213 17 230 167 63 
55,929 31,072 24,857 82,474 32,028 50,446 
Non-amortizable intangible assets:
Trade names and trademarks30,100 — 30,100 30,100 — 30,100 
Total$86,029 $31,072 $54,957 $112,574 $32,028 $80,546 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets and related accumulated amortization were as follows:
December 31, 2024December 31, 2023
(In thousands)Gross Carrying AmountAccumulated AmortizationNet Asset ValueGross Carrying AmountAccumulated AmortizationNet Asset Value
Amortizable intangible assets:
Manufacturer relationships$45,649 $25,204 $20,445 $71,849 $26,968 $44,881 
Customer relationships10,050 5,655 4,395 10,395 4,893 5,502 
Non-compete agreements230 213 17 230 167 63 
55,929 31,072 24,857 82,474 32,028 50,446 
Non-amortizable intangible assets:
Trade names and trademarks30,100 — 30,100 30,100 — 30,100 
Total$86,029 $31,072 $54,957 $112,574 $32,028 $80,546 
Schedule of Amortization Expense
Amortization expense related to intangible assets was as follows:
Year Ended December 31,
(In thousands)20242023
Amortization expense$7,909 $7,558 
Schedule of Estimated Future Amortization Expense
Future amortization of intangible assets is as follows:
(In thousands)
2025$5,007 
20264,328 
20274,018 
20284,018 
20294,015 
Thereafter3,471 
Total$24,857