Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.24.0.1
Intangible Assets
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The gross amounts and accumulated amortization of acquired identifiable intangible assets with finite useful lives as of December 31, 2023 and 2022, included in intangible assets, net in the accompanying consolidated balance sheets, are as follows:
December 31,
Useful life
Weighted
Average
Amortization
Period 2023
 2023
Weighted
Average
Amortization
Period 2022
 2022
Customer relationships
 4 years 1.2 years $ 21,640  2.0 years $ 21,703 
Brands
 10 years 6.9 years 84,023  7.9 years 84,278 
Trademarks
 5 years 1.3 years 107  2.3 years 107 
Total intangible assets
 105,770  106,088 
Less accumulated amortization
 (41,448) (29,983)
Total intangible assets, net
 $ 64,322  $ 76,105 
Amortization of acquired intangible assets with finite useful lives is included in general and administrative expenses and was $11.5 million, $14.2 million and $13.9 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Future estimated amortization expense for acquired identifiable intangible assets is as follows:
Year ending December 31:
2024 $ 10,263 
2025 9,553 
2026 8,749 
2027 8,402 
2028 7,533 
Thereafter 19,822 
Total amortization expense $ 64,322