Other Intangible, Net and Goodwill

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Other Intangibles, Net and Goodwill

All intangible assets determined to have finite lives are amortized over their estimated useful lives. The useful life of an intangible asset is the period over which the asset is expected to contribute directly or indirectly to future cash flows. There was no change in the gross amount of identifiable intangible assets during the nine months ended September 30, 2025. The $89.7 million of other intangibles, net recorded in the consolidated balance sheet at September 30, 2025 includes $31.6 million of indefinite lived trade name intangible assets, not subject to amortization, along with $58.1 million finite lived intangible assets, net. Amortization expense of $1.3 million and $1.3 million for the three months ended September 30, 2025 and 2024, respectively, was included in depreciation and amortization in the consolidated statements of comprehensive income (loss). Amortization expense of $3.8 million and $3.8 million for the nine months ended September 30, 2025 and 2024, respectively, was included in depreciation and amortization in the consolidated statements of comprehensive income (loss).

Intangible assets subject to amortization consisted of the following at September 30, 2025:

	Amortization period (years)	Gross Amount		Accumulated Amortization		Net finite intangible assets
		(in thousands)
Customer relationships	15-20	$	75,836	$	20,195	$	55,641
Trade name	0.5-10	12,900		11,020		1,880
Covenants not to compete	1-10	5,839		5,227		612
		$	94,575	$	36,442	$	58,133

The carrying amount of goodwill was $322.6 million at September 30, 2025 and December 31, 2024.