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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2023
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

6.    INTANGIBLE ASSETS

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

March 31, 2023

December 31, 2022

    

    

Gross

    

Accumulated

    

Net Book

    

Gross

    

Accumulated

    

Net Book

Life

Amount

Amortization

Value

Amount

Amortization

Value

Customer lists

 

5 - 18 years

$

112,437

$

(36,318)

$

76,119

$

112,378

$

(34,377)

$

78,001

Trade name

 

10 - 19 years

 

15,322

 

(7,176)

 

8,146

 

15,320

 

(6,900)

 

8,420

Design and technologies

 

10 - 15 years

 

41,266

 

(9,504)

 

31,762

 

41,212

 

(8,558)

 

32,654

Total

$

169,025

$

(52,998)

$

116,027

$

168,910

$

(49,835)

$

119,075

Amortization expense for intangible assets was $3,009 and $2,434 for the three months ended March 31, 2023 and 2022, respectively.

Estimated future intangible asset amortization expense as of March 31, 2023 is as follows:

Estimated

    

Amortization Expense

Remainder of 2023

$

9,205

2024

 

11,881

2025

11,865

2026

 

11,767

2027

11,323

Thereafter

 

59,986

Total estimated amortization expense

$

116,027