INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

INTANGIBLE ASSETS

INTANGIBLE ASSETS

7.    INTANGIBLE ASSETS

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

	Weighted Average	March 31, 2024						December 31, 2023
	Amortization	Gross		Accumulated		Net Book		Gross		Accumulated		Net Book
	Period	Amount		Amortization		Value		Amount		Amortization		Value
Customer lists	14.3 years	$	117,530	$	(44,295)	$	73,235	$	116,831	$	(42,421)	$	74,410
Trade name	13.9 years		16,048		(8,061)		7,987		15,572		(7,916)		7,656
Design and technologies	10.6 years		41,947		(12,933)		29,014		41,480		(12,173)		29,307
Total		$	175,525	$	(65,289)	$	110,236	$	173,883	$	(62,510)	$	111,373

Amortization expense for intangible assets was $3,115 and $3,009 for the three months ended March 31, 2024 and 2023, respectively.

Estimated future intangible asset amortization expense as of March 31, 2024 is as follows:

Year ending December 31,	Total
	Estimated
	Amortization Expense
Remainder of 2024	$	9,274
2025		12,372
2026		12,275
2027		11,832
2028		11,094
Thereafter		53,389
Total estimated amortization expense	$	110,236