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Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31, 2023

 

 

Balance at December 31, 2022

 

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Definite Lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

9,180

 

 

$

4,829

 

 

$

4,351

 

 

$

9,180

 

 

$

4,543

 

 

$

4,637

 

Indefinite Lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename

 

 

12,919

 

 

 

 

 

 

12,919

 

 

 

12,919

 

 

 

 

 

 

12,919

 

Total intangible assets

 

$

22,099

 

 

$

4,829

 

 

$

17,270

 

 

$

22,099

 

 

$

4,543

 

 

$

17,556

 

Schedule of Future Amortization Expense

As of March 31, 2022, the remaining weighted-average useful life of definite lived intangible assets was 3.8 years. The estimated future amortization expense of intangible assets with definite lives is as follows (in thousands):

 

 

 

Amount

 

Remainder of 2023

 

$

862

 

2024

 

 

1,148

 

2025

 

 

1,148

 

2026

 

 

1,148

 

2027

 

 

45

 

Estimated future amortization expense of definite-lived intangible assets

 

$

4,351