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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consist of the following as of March 31, 2024:

 

(Dollars in thousands)  Intangible Assets   Accumulated
Amortization
   Total 
             
Strategic pipeline contract  $46,885   $22,660   $24,225 
Assembled workforce   500    242    258 
Patents   202    12    190 
Total  $47,587   $22,914   $24,673 

 

Intangible assets consist of the following as of December 31, 2023:

 

(Dollars in thousands)  Intangible Assets   Accumulated
Amortization
   Total 
             
Strategic pipeline contract  $46,885   $20,317   $26,568 
Assembled workforce   500    216    284 
Patents   165    10    155 
Total  $47,550   $20,543   $27,007 

Schedule of Amortization Expense of Intangible Assets

The Company expects to record amortization expense of intangible assets over the next five years and thereafter as follows:

 

(Dollars in thousands)    
Year  2024 
2024 (remainder of the year)  $7,115 
2025   9,487 
2026   7,907 
2027   9 
2028   9 
Thereafter   146 
Total  $24,673