INTANGIBLE ASSETS & GOODWILL

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 8. INTANGIBLE ASSETS & GOODWILL

Intangible Assets

The Company's definite-lived intangible assets consisted of the following as of December 31:


	2024							2023
	Weighted Average Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value

		(in thousands)
Licenses	15.0	$	1,045,870	$	228,614	$	817,256	$	1,046,544	$	159,084	$	887,460
Trademarks	3.5	27,430		22,215		5,215		27,430		17,609		9,821
Internal use software	4.5	51,821		15,109		36,712		26,947		7,520		19,427
Tradenames	4.2	4,861		4,561		300		4,861		4,461		400
Customer relationships	2.1	3,535		3,535		—		3,535		3,452		83
Total Intangible Assets	14.2	$	1,133,517	$	274,034	$	859,483	$	1,109,317	$	192,126	$	917,191

Amortization expense for intangible assets totaled $82.2 million, $80.4 million, and $81.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, and recorded in depreciation and amortization on the consolidated statements of operations.

The following table outlines the estimated future annual amortization expense related to intangible assets as of December 31, 2024:


	Estimated Amortization
Year	(in thousands)
2025	$	82,862
2026	79,732
2027	77,397
2028	76,230
2029	74,220
Thereafter	469,042
Total	$	859,483

Goodwill

The following table outlines the changes in the carrying value of goodwill, December 31:


	2024		2023

	(in thousands)
Balance, beginning of year	$	483,905	$	791,495
Impairment (1) (2)	—		(307,590)
Balance, end of year	$	483,905	$	483,905



(1)For the 2024 impairment assessment, refer to Note 3. Summary Of Significant Accounting Policies.
(2)In June 2023, based on the results of the Company's impairment procedures, the Company recorded an impairment for its single reporting unit. Refer to Note 21. Financial Instruments & Fair Value Measurements for further information about the impairment.