INTANGIBLE ASSETS, NET |
INTANGIBLE ASSETS, NET The components of intangible assets, net consisted of the following (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | Weighted- Average Useful Lives (in Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Amortizable intangible assets: | | | | | | | | Customer lists/relationships | 12.50 | | $ | 6,000 | | | $ | (520) | | | $ | 5,480 | | Trade names | 10.00 | | 5,500 | | | (596) | | | 4,904 | | Other intangibles | 15.37 | | 3,585 | | | (2,263) | | | 1,322 | | Total | | | $ | 15,085 | | | $ | (3,379) | | | $ | 11,706 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Weighted- Average Useful Lives (in Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Amortizable intangible assets: | | | | | | | | Customer lists/relationships | 12.50 | | $ | 6,000 | | | $ | (400) | | | $ | 5,600 | | Trade names | 10.00 | | 5,500 | | | (458) | | | 5,042 | | Other intangibles | 15.52 | | 3,523 | | | (2,180) | | | 1,343 | | Total | | | $ | 15,023 | | | $ | (3,038) | | | $ | 11,985 | |
Amortization related to intangible assets was $0.3 million and $0.2 million for the three months ended March 31, 2025 and 2024, respectively.
The estimated aggregate amortization expense at March 31, 2025, for each of the years (or other periods) set forth below was as follows (amounts in thousands): | | | | | | April 1 - December 31, 2025 | $ | 957 | | 2026 | 1,276 | | 2027 | 1,218 | | 2028 | 1,153 | | 2029 | 1,153 | | Thereafter | 5,949 | | | $ | 11,706 | |
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