Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Our intangible assets consist of the following:

	December 31,
	2022		2021
Definite-lived intangible assets	(in thousands)
Intellectual property	$	6,295	$	6,479
Customer relationships	47,547		48,684
Less:  Accumulated amortization	(3,807)		(208)
Total, net	50,035		54,955
Indefinite-lived intangible assets
Trademarks	14,571		15,166
Total intangible assets, net	$	64,606	$	70,121

Amortization expense recorded in cost of sales is as follows:

	Years Ended December 31,
	2022		2021		2020
	(in thousands)
Amortization expense	$	3,599	$	246	$	234

Excluding the impact of any future acquisitions, the Company anticipates amortization expense to be approximately $3.6 million for each of the years ended 2023 through 2027.