v3.25.1
GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
6. GOODWILL AND INTANGIBLE ASSETS

The carrying value of goodwill by segment was as follows:

Cultivation and GardeningStorage SolutionsTotal
Balance as of December 31, 2024$— $1,605 $1,605 
Balance as of March 31, 2025$— $1,605 $1,605 

Accumulated impairment for goodwill related entirely to the Cultivation and Gardening segment and totaled $131.9 million as of March 31, 2025 and December 31, 2024.

The changes in intangible assets by segment for the three months ended March 31, 2025 were as follows:

Cultivation and GardeningStorage SolutionsTotal
Balance as of December 31, 2024$6,881 $1,898 $8,779 
Amortization(1,363)(175)(1,538)
Balance as of March 31, 2025$5,518 $1,723 $7,241 

Intangible assets on the Condensed Consolidated Balance Sheets consisted of the following:
March 31, 2025December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Trade names$27,790 $(23,187)$4,603 $27,790 $(21,908)$5,882 
Patents, trademarks69 (69)— 69 (69)— 
Customer relationships12,869 (10,233)2,636 12,869 (9,974)2,895 
Non-competes860 (858)2 860 (858)2 
Intellectual property1,136 (1,136)— 1,136 (1,136)— 
Total$42,724 $(35,483)$7,241 $42,724 $(33,945)$8,779 

Amortization expense was $1.5 million and $1.7 million for the three months ended March 31, 2025 and 2024, respectively.

Future amortization expense as of March 31, 2025 was as follows:

2025 (remainder of the year)$4,354 
20262,015 
2027765 
202882 
202925 
Total$7,241