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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
A summary of intangible assets as of June 30, 2025 and December 31, 2024 is as follows (in thousands): 
 June 30, 2025
 (unaudited)
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$162,678 $(119,089)$43,589 
Trade names19,172 (18,859)313 
Technology2,300 (2,146)154 
Licenses683 (683)— 
Intangible assets$184,833 $(140,777)$44,056 
 December 31, 2024
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$162,633 $(113,033)$49,600 
Trade names19,129 (18,754)375 
Technology2,300 (2,032)268 
Licenses683 (683)— 
Intangible assets$184,745 $(134,502)$50,243 

Amortization expense of intangible assets for the three months ended June 30, 2025 and 2024 was $3.1 million and $3.1 million, respectively. Amortization expense of intangible assets for the six months ended June 30, 2025 and 2024 was $6.2 million and $6.2 million, respectively. Amortization expense of intangible assets is included in “Selling, general and administrative expenses” on our condensed consolidated statements of operations.
The weighted-average amortization period for intangible assets subject to amortization was 13.9 years and 13.8 years, respectively as of June 30, 2025 and December 31, 2024.