XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.2
Intangible assets, net
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets, net Intangible assets, net
Intangible assets, net consisted of the following:
Estimated
Useful
Life
As of
June 30,
2023
December 31,
2022
(in years)(in thousands)
Customer relationships
8-12
$27,839 $19,424 
Tradenames
2-10
5,324 4,828 
Acquired software2.5995 — 
Non-compete agreements2584 584 
$34,742 $24,836 
Less: Accumulated amortization(6,101)(4,461)
Intangible assets, net$28,641 $20,375 
Based on the carrying value of the Company’s existing intangible assets as of June 30, 2023, the estimated amortization expense for the future years is as follows:
Years ending December 31, (in thousands)Amount
2023 (excluding six months ended June 30, 2023)
2,080 
20244,048 
20253,640 
20263,168 
20273,130 
Thereafter12,575 
Total$28,641