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Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2024
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 September 30, 2024

 

 

Balance at December 31, 2023

 

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Definite Lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

9,180

 

 

$

6,552

 

 

$

2,628

 

 

$

9,180

 

 

$

5,691

 

 

$

3,489

 

Indefinite Lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename

 

 

10,750

 

 

 

 

 

 

10,750

 

 

 

10,750

 

 

 

 

 

 

10,750

 

Total intangible assets

 

$

19,930

 

 

$

6,552

 

 

$

13,378

 

 

$

19,930

 

 

$

5,691

 

 

$

14,239

 

Schedule of Future Amortization Expense The estimated future amortization expense of intangible assets with definite lives is as follows (in thousands):

 

 

 

Amount

 

Remainder of 2024

 

$

287

 

2025

 

 

1,148

 

2026

 

 

1,148

 

2027

 

 

45

 

Estimated future amortization expense of definite-lived intangible assets

 

$

2,628