Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.24.3
Intangible Assets
 9 Months Ended
Sep. 30, 2024
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 September 30, 2024 and December 31, 2023, included in intangible assets, net in the accompanying condensed consolidated balance sheets, are as follows:
September 30, 2024 December 31, 2023
Useful life
Weighted
Average
Amortization
Period 2024
 2024
Weighted
Average
Amortization
Period 2023
 2023
Customer relationships
 4 years 0.5 years $ 9,669  1.2 years $ 21,640 
Brands
 10 years 6.2 years 84,502  6.9 years 84,023 
Trademarks
 5 years 0.5 years 109  1.3 years 107 
Total intangible assets
 94,280  105,770 
Less: accumulated amortization
 (38,150) (41,448)
Total intangible assets, net
 $ 56,130  $ 64,322 
Amortization of acquired intangible assets with finite useful lives is included in general and administrative expenses and was $2.8 million and $2.9 million for the three months ended September 30, 2024 and 2023, respectively, and was $8.3 million and $8.8 million for the nine months ended September 30, 2024 and 2023, respectively.
Future estimated amortization expense for acquired identifiable intangible assets is as follows:
Amortization Expense
Year ending December 31:
Remainder of 2024
 $ 2,474 
2025 9,603 
2026 8,681 
2027 8,450 
2028 7,566 
Thereafter 19,356 
Total amortization expense $ 56,130