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Goodwill and Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets with Definite and Indefinite Lives

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

 

Schedule of Future Amortization Expense

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