Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Note 8. Goodwill and Intangible Assets, Net

There were no changes in the carrying amount of goodwill during the three and six months ended June 30, 2022 and 2021, respectively.

The following is a summary of intangible assets with definite and indefinite lives (in thousands):

	Balance at June 30, 2022						Balance at December 31, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Definite Lived:
Customer relationships	$	9,180	$	3,969	$	5,211	$	9,180	$	3,395	$	5,785
Indefinite Lived:
Tradename		12,919		—		12,919		12,919		—		12,919
Total intangible assets	$	22,099	$	3,969	$	18,130	$	22,099	$	3,395	$	18,704

For the three months ended June 30, 2022 and 2021, amortization expense was approximately $0.3 million and $0.3 million, respectively. For the six months ended June 30, 2022 and 2021, amortization expense was approximately $0.6 million and $0.6 million, respectively.

As of June 30, 2022, the remaining weighted-average useful life of definite lived intangible assets is 4.5 years. The estimated future amortization expense of intangible assets with definite lives is as follows (in thousands):

	Amount
Remainder of 2022	$	574
2023		1,148
2024		1,148
2025		1,148
2026		1,148
Thereafter		45
Estimated future amortization expense of definite-lived intangible assets	$	5,211