Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2024						Balance at December 31, 2023
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Definite Lived:
Customer relationships	$	9,180	$	6,839	$	2,341	$	9,180	$	5,691	$	3,489
Indefinite Lived:
Tradename(1)		10,750		—		10,750		10,750		—		10,750
Total intangible assets	$	19,930	$	6,839	$	13,091	$	19,930	$	5,691	$	14,239

(1) During the year ended December 31, 2023, a charge of $2.2 million was recorded on our indefinite lived tradename asset as such to reflect the impairment of the value ascribed to the indefinite lived tradename asset.
 

Schedule of Future Amortization Expense

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

	Amount
2025	$	1,148
2026		1,148
2027		45
Estimated future amortization expense of definite-lived intangible assets	$	2,341

There was no impairment of the indefinite lived tradename asset during the year ended December 31, 2024. I