XML 29 R21.htm IDEA: XBRL DOCUMENT v3.25.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

Intangible assets consist of the following:

 

(dollar amounts in thousands)

 

Estimated
useful life
in years

 

Average remaining life in years

 

Cost

 

Accumulated amortization

 

Net book value

March 31, 2025

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

6.7

 

$73,217

 

$(27,012)

 

$46,205

Non-compete agreements

 

5

 

2.6

 

10,556

 

(5,759)

 

4,797

Trade name

 

0.75 to 8

 

4.0

 

2,000

 

(1,400)

 

600

   Total amortizing

 

 

 

 

 

85,773

 

(34,171)

 

51,602

Trade name - non-amortizing

 

Indefinite

 

 

 

171

 

 

171

   Total

 

 

 

 

 

$85,944

 

$(34,171)

 

$51,773

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

6.9

 

$73,217

 

$(25,010)

 

$48,207

Non-compete agreements

 

5

 

2.8

 

10,556

 

(5,239)

 

5,317

Trade name

 

0.75 to 8

 

4.3

 

2,000

 

(1,363)

 

637

   Total amortizing

 

 

 

 

 

85,773

 

(31,612)

 

54,161

Trade name - non-amortizing

 

Indefinite

 

 

 

171

 

 

171

   Total

 

 

 

 

 

$85,944

 

$(31,612)

 

$54,332