XML 42 R17.htm IDEA: XBRL DOCUMENT v3.24.0.1
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
A summary of intangible assets as of December 31, 2023 and 2022 is as follows (in thousands):
 December 31, 2023
 Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$164,305 $(102,630)$61,675 
Trade names20,262 (19,742)520 
Technology2,300 (1,802)498 
Licenses683 (683)— 
Intangible assets$187,550 $(124,857)$62,693 
 
 December 31, 2022
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$165,231 $(91,296)$73,935 
Non-compete agreements4,281 (4,281)— 
Trade names20,563 (19,830)733 
Technology2,707 (1,978)729 
Licenses840 (830)10 
Other12,983 (12,983)— 
Intangible assets$206,605 $(131,198)$75,407 
Amortization expense on intangible assets for the years ended December 31, 2023 and 2022 was $12.7 million, and $12.9 million, respectively. Amortization expense for intangible assets is forecasted to be approximately $12.4 million, $12.4 million, $12.0 million, $11.3 million, and $6.4 million in 2024, 2025, 2026, 2027 and 2028, respectively.
The weighted-average amortization period for intangible assets subject to amortization was 13.8 years and 13.7 years as of December 31, 2023 and 2022, respectively. The weighted-average amortization period as of December 31, 2023 is 13.8 years for customer relationships, 13.6 years for trade name and 10.0 years for technology