Intangibles

3 Months Ended

Mar. 31, 2026

4. Intangibles

Intangible assets as of March 31, 2026 and December 31, 2025 consisted of following (in thousands):

	March 31, 2026						December 31, 2025
		Gross Amount		Accumulated Amortization		Net Carrying Value		Gross Amount		Accumulated Amortization		Net Carrying Value
Indefinite-Lived intangible assets	$	36,443	$	—	$	36,443	$	36,443	$	—	$	36,443
Acquired Software		7,456		3,347		4,109		7,602		3,264		4,338
Acquired Technology		624		191		433		639		182		457
Internal Use Software		3,784		2,879		905		3,650		2,721		929
Total	$	48,307	$	6,417	$	41,890	$	48,334	$	6,167	$	42,167

The weighted average remaining useful lives of acquired software and acquired technology were 8.6 years as of March 31, 2026.

Amortization expense on intangibles assets was $0.3 million and $0.4 million for the three months ended March 31, 2026 and 2025, respectively. Future amortization is expected as follows:

2026	$	857
2027		821
2028		671
2029		542
2030		529
2031 and thereafter		2,027
	$	5,447