INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

(in thousands)	March 31, 2024		December 31, 2023
Intangible Assets
Licenses and permits	$	254,667	$	250,867
In-place leases	19,963		19,963
Trade names	380		380
	275,010		271,210
Accumulated amortization:
Licenses and permits	(40,768)		(34,427)
In-place leases	(15,500)		(14,951)
Trade names	(380)		(380)
	(56,648)		(49,758)
Total intangible assets, net	$	218,362	$	221,452
Goodwill	$	47,538	$	47,538

Amortization expense related to intangible assets was $6,890 and $6,151 during the three months ended March 31, 2024 and 2023, respectively, and total amortization expense capitalized to inventory was $754 and $735, respectively. At March 31, 2024 and December 31, 2023, $1,094 and $916, respectively, of amortization expense remained capitalized as part of inventory.

No impairment indicators were noted during the three months ended March 31, 2024 or 2023 and, as such, we did not record any impairment charges during either period.