Goodwill and Amortizable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Amortizable Intangible Assets

The following table summarizes the Company’s amortizable intangible assets as of December 31, 2024 (dollars in thousands):

	Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	30	$	600	$	(170)	$	430
Developed technology	10	25,600		(4,693)		20,907
Noncompete enforcement agreements	1-10	94,049		(44,643)		49,406
Other	4-15	3,600		(1,572)		2,028
		$	123,849	$	(51,078)	$	72,771

The following table summarizes the Company’s amortizable intangible assets as of December 31, 2023 (dollars in thousands):

	Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	15-30	$	600	$	(150)	$	450
Developed technology	10	25,600		(2,134)		23,466
Noncompete enforcement agreements	1-10	77,164		(39,603)		37,561
Other	4-15	4,600		(2,308)		2,292
		$	107,964	$	(44,195)	$	63,769

Summary of Estimated Annual Amortization

The following table summarizes the estimated annual amortization for each of the five succeeding fiscal years and thereafter as of December 31, 2024 (in thousands):

Year	Amount
2025	$	11,932
2026	9,838
2027	8,407
2028	7,795
2029	7,556
Thereafter	27,243
	$	72,771