INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2024

INTANGIBLE ASSETS

INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

Intangible assets on the Company’s consolidated balance sheets consist of the following (in thousands):

	Weighted Average	December 31, 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	$	116,370	$	(50,098)	$	66,272	$	116,831	$	(42,421)	$	74,410
Trade name	13.7 years		15,890		(8,564)		7,326		15,572		(7,916)		7,656
Design and technologies	10.5 years		41,390		(15,317)		26,073		41,480		(12,173)		29,307
Total		$	173,650	$	(73,979)	$	99,671	$	173,883	$	(62,510)	$	111,373

Total amortization expense for intangible assets for the years 2024, 2023 and 2022 was $12,697, $12,313, and $11,169, respectively.

Estimated amortization expense for intangible assets is as follows (in thousands):

Year ending December 31,	Total
	Estimated
	Amortization Expense
2025		12,357
2026		12,260
2027		11,818
2028		11,092
2029		9,453
Thereafter		42,691
Total estimated amortization expense	$	99,671