INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2026

INTANGIBLE ASSETS

INTANGIBLE ASSETS

6.    INTANGIBLE ASSETS

Intangible assets on the Company’s condensed consolidated balance sheets consist of the following:

	Weighted Average	March 31, 2026						December 31, 2025
	Amortization	Gross		Accumulated		Net Book		Gross		Accumulated		Net Book
	Period	Amount		Amortization		Value		Amount		Amortization		Value
Customer lists	14.1 years	$	117,495	$	(60,842)	$	56,653	$	117,927	$	(59,006)	$	58,921
Trade name	13.7 years		16,055		(9,646)		6,409		16,105		(9,471)		6,634
Design and technologies	10.5 years		42,023		(20,138)		21,885		42,232		(19,396)		22,836
Total		$	175,573	$	(90,626)	$	84,947	$	176,264	$	(87,873)	$	88,391

Amortization expense for intangible assets was $3,123 and $3,093 for the three months ended March 31, 2026 and 2025, respectively.

Estimated future intangible asset amortization expense as of March 31, 2026 is as follows:

	Total
	Estimated
Year ending December 31,	Amortization Expense
Remainder of 2026		9,272
2027		11,938
2028		11,181
2029		9,542
2030		9,388
Thereafter		33,626
Total estimated amortization expense	$	84,947