Intangible Assets, net

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net

Note 11 — Intangible Assets, net

The Company records amortization expense on a straight-line basis over the life of the identifiable intangible assets related to an acquisition in September 2020. For the three months ended March 31, 2026 and 2025, amortization expense of $0.4 million and $0.5 million was recognized. As of March 31, 2026 and December 31, 2025, intangible assets net of accumulated amortization was $7.4 million and $7.9 million, respectively.

As of March 31, 2026, intangible assets and the related accumulated amortization, weighted-average remaining life and future amortization expense are as follows (in thousands):

	March 31, 2026
	Weighted-Average	Original		Accumulated		Net
	Remaining Life (Years)	Amount		Amortization		Total
Customer Lists	4.5	$	13,028	$	(7,165)	$	5,863
Trademarks and tradenames	4.5	3,501		(1,926)		1,575
Total intangible assets, net		$	16,529	$	(9,091)	$	7,438
	December 31, 2025
	Weighted-Average	Original		Accumulated		Net
	Remaining Life (Years)	Amount		Amortization		Total
Customer Lists	4.8	$	13,028	$	(6,839)	$	6,189
Trademarks and tradenames	4.8	3,501		(1,838)		1,663
Total intangible assets, net		$	16,529	$	(8,677)	$	7,852

	Total
2026	$	1,239
2027	1,653
2028	1,653
2029	1,653
2030	1,240
Thereafter	—
Total future amortization expense	$	7,438