INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2024

INTANGIBLE ASSETS

INTANGIBLE ASSETS

7.    INTANGIBLE ASSETS

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

	Weighted Average	September 30, 2024						December 31, 2023
	Amortization	Gross		Accumulated		Net Book		Gross		Accumulated		Net Book
	Period	Amount		Amortization		Value		Amount		Amortization		Value
Customer lists	14.1 years	$	118,164	$	(48,641)	$	69,523	$	116,831	$	(42,421)	$	74,410
Trade name	13.7 years		16,186		(8,496)		7,690		15,572		(7,916)		7,656
Design and technologies	10.5 years		42,245		(14,865)		27,380		41,480		(12,173)		29,307
Total		$	176,595	$	(72,002)	$	104,593	$	173,883	$	(62,510)	$	111,373

Amortization expense for intangible assets was $3,135 and $3,075 for the three months ended September 30, 2024 and 2023, respectively. For the nine months ended September 30, 2024 and 2023, amortization expense was $9,381 and $9,226, respectively.

Estimated future intangible asset amortization expense as of September 30, 2024 is as follows:

Year ending December 31,	Total
	Estimated
	Amortization Expense
Remainder of 2024	$	3,305
2025		12,570
2026		12,472
2027		12,028
2028		11,280
Thereafter		52,938
Total estimated amortization expense	$	104,593