Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Depreciation is computed using the straight-line method over the following estimated useful lives:

Buildings and leasehold improvements	3 - 40 years
Machinery and equipment	3 - 20 years
Furniture and fixtures	3 - 15 years

Amortization is computed using the straight-line method over the following estimated useful lives:

Intellectual property	6 - 30 years
Customer relationships	14 years

Our intangible assets consist of the following:

	December 31,
	2023		2022
Definite-lived intangible assets	(in thousands)
Intellectual property	$	12,450	$	6,295
Customer relationships	47,547		47,547
Capitalized internal-use software	3,323		—
Less:  Accumulated amortization	(9,838)		(3,807)
Total, net	53,482		50,035
Indefinite-lived intangible assets
Trademarks	14,571		14,571
Total intangible assets, net	$	68,053	$	64,606

Schedule of Amortization Expense

Amortization expense recorded in cost of sales is as follows:

	Years Ended December 31,
	2023		2022		2021
	(in thousands)
Amortization expense	$	5,331	$	3,599	$	246

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Total future amortization expense for finite-lived intangible assets was estimated as follows:

	(in thousands)
2024	$	5,367
2025	4,651
2026	4,651
2027	4,651
2028	4,560
Thereafter	29,081
Total future amortization expense	52,961
Internal-use software projects in process	521
Total	$	53,482