Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets

Our intangible assets consist of the following:

	June 30, 2024		December 31, 2023
Definite-lived intangible assets	(in thousands)
Intellectual property	$	12,450	$	12,450
Customer relationships	47,547		47,547
Capitalized internal-use software	14,285		3,323
Less:  Accumulated amortization	(13,293)		(9,838)
Total, net	60,989		53,482
Indefinite-lived intangible assets
Trademarks	14,571		14,571
Total intangible assets, net	$	75,560	$	68,053

Amortization expense recorded in selling, general and administrative expenses is as follows:

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(in thousands)
Amortization expense	$	1,749	$	901	$	3,455	$	1,803

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

	(in thousands)
2024	$	4,861
2025	6,259
2026	4,743
2027	4,743
2028	4,652
Thereafter	29,117
Total future amortization expense	54,375
Internal-use software projects not in service	6,614
Total	$	60,989