Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

INTANGIBLE ASSETS

Intangible assets consist of the following:

	As of September 30, 2024
	Carrying Value		Accumulated  Amortization		Net Intangible
Amortizable intangible assets:
Product technology	$	24,373	$	17,933	$	6,440
Patents and trademarks	17,630		10,296		7,334
Customer relationships	25,944		8,539		17,405
Other	27,919		12,773		15,146
Total	$	95,866	$	49,541	$	46,325

	As of December 31, 2023
	Carrying Value		Accumulated  Amortization		Net Intangible
Amortizable intangible assets:
Product technology	$	24,127	$	15,742	$	8,385
Patents and trademarks	19,687		11,509		8,178
Customer relationships	25,164		7,279		17,885
Other	22,062		8,619		13,443
Total	$	91,040	$	43,149	$	47,891

Amortization expense, was $2.2 million and $6.4 million for the three and nine months ended September 30, 2024, respectively. Amortization expense was $1.9 million and $5.8 million for the three and nine months ended September 30, 2023, respectively. The estimated amortization expense for each of the years 2024 through 2028 and thereafter is as follows:

Years ending December 31,	Amount
2024 (excluding the first 9 months)	$	2,256
2025	8,649
2026	7,303
2027	4,608
2028	2,136
Thereafter	21,373
Total	$	46,325