INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2025

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, 2025						December 31, 2024
	Amortization	Gross		Accumulated		Net Book		Gross		Accumulated		Net Book
	Period	Amount		Amortization		Value		Amount		Amortization		Value
Customer lists	14.1 years	$	116,640	$	(52,291)	$	64,349	$	116,370	$	(50,098)	$	66,272
Trade name	13.7 years		15,942		(8,786)		7,156		15,890		(8,564)		7,326
Design and technologies	10.5 years		41,566		(16,330)		25,236		41,390		(15,317)		26,073
Total		$	174,148	$	(77,407)	$	96,741	$	173,650	$	(73,979)	$	99,671

Amortization expense for intangible assets was $3,093 and $3,115 for the three months ended March 31, 2025 and 2024, respectively.

Estimated future intangible asset amortization expense as of March 31, 2025 is as follows:

Year ending December 31,	Total
	Estimated
	Amortization Expense
Remainder of 2025		9,288
2026		12,287
2027		11,844
2028		11,107
2029		9,468
Thereafter		42,747
Total estimated amortization expense	$	96,741