Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets as of September 30, 2022 consist of the following (in thousands):

	Gross Amount		Accumulated Amortization and Impairment		Net Carrying Value		Weighted Average Remaining Useful Life (Years)
Trade name	$	24,170	$	(3,909)	$	20,261	8.7
Other	3,861		(2,032)		1,829		1.9
Intangible assets, net	$	28,031	$	(5,941)	$	22,090	8.1

Intangible assets as of December 31, 2021 consist of the following (in thousands):

	Gross Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life (Years)
Trade name	$	24,170	$	(1,298)	$	22,872	9.2
Other	3,846		(828)		3,018		2.4
Intangible assets, net	$	28,016	$	(2,126)	$	25,890	8.4

Amortization expense for intangible assets was $1.0 million for each of the three months ended September 30, 2022 and 2021. Amortization expense for intangible assets was $3.1 million and $1.1 million for the nine months ended September 30, 2022 and 2021, respectively. Impairment expense for intangible assets was $0.7 million for each of the three and nine months ended September 30, 2022. There was no impairment expense for the three and nine months ended September 30, 2021.

Amortization that will be charged to expense over the remaining life of the intangible assets subsequent to September 30, 2022 is as follows (in thousands):

The remainder of 2022	$	995
2023	3,362
2024	2,618
2025	2,484
2026	2,377
2027 and thereafter	10,254
	$	22,090