Quarterly report [Sections 13 or 15(d)]

Intangible Assets

v3.25.2
Intangible Assets
 6 Months Ended
Jun. 30, 2025
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 June 30, 2025 and December 31, 2024, included in intangible assets, net in the accompanying condensed consolidated balance sheets, are as follows:
June 30, 2025 December 31, 2024
Useful life
Weighted
Average
Amortization
Period 2025
 2025
Weighted
Average
Amortization
Period 2024
 2024
Customer relationships
 4 years 0.0 years $ 2,543  0.3 years $ 7,360 
Brands
 10 years 5.5 years 84,899  6.0 years 83,612 
Trademarks
 5 years 0.0 years 103  0.3 years 98 
Total intangible assets
 87,545  91,070 
Less: accumulated amortization
 (39,607) (38,716)
Total intangible assets, net
 $ 47,938  $ 52,354 
Amortization of acquired intangible assets with finite useful lives is included in general and administrative expenses and was $2.3 million and $2.7 million for the three months ended June 30, 2025 and 2024, respectively, and was $4.8 million and $5.5 million for the six months ended June 30, 2025 and 2024, respectively.
Future estimated amortization expense for acquired identifiable intangible assets is as follows:
Amortization Expense
Year ending December 31:
Remainder of 2025
 $ 4,584 
2026 9,163 
2027 9,163 
2028 8,330 
2029 7,215 
Thereafter 9,483 
Total amortization expense $ 47,938