Intangible Assets, Net

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

Intangible assets as of March 31, 2024 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	$	(7,474)	$	16,696	7.2
Other	4,829		(3,662)		1,167		5.8
Intangible assets, net	$	28,999	$	(11,136)	$	17,863	7.1

Intangible assets as of December 31, 2023 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	$	(6,880)	$	17,290	7.4
Other	4,803		(3,519)		1,284		5.7
Intangible assets, net	$	28,973	$	(10,399)	$	18,574	7.3

Amortization expense for intangible assets was $0.7 million and $1.0 million for the three months ended March 31, 2024 and 2023, respectively.

There were no impairment charges on intangible assets for the three months ended March 31, 2024 and 2023.

Amortization that will be charged to expense over the remaining life of the intangible assets subsequent to March 31, 2024 is as follows (in thousands):

The remainder of 2024	$	2,070
2025	2,625
2026	2,477
2027	2,353
2028	2,353
2029 and thereafter	5,985
	$	17,863