v3.25.1
INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
A summary of intangible assets as of March 31, 2025 and December 31, 2024 is as follows (in thousands): 
 March 31, 2025
 (unaudited)
 Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$162,647 $(116,054)$46,593 
Trade names19,143 (18,800)343 
Technology2,300 (2,089)211 
Licenses683 (683)— 
Intangible assets$184,773 $(137,626)$47,147 

 December 31, 2024
 Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Customer relationships$162,633 $(113,033)$49,600 
Trade names19,129 (18,754)375 
Technology2,300 (2,032)268 
Licenses683 (683)— 
Intangible assets$184,745 $(134,502)$50,243 

Amortization expense of intangible assets for the three months ended March 31, 2025 and 2024 was $3.1 million and $3.1 million, respectively. Amortization expense of intangible assets is included in “Selling, general and administrative expenses” on our condensed consolidated statements of operations.
The weighted-average amortization period for intangible assets subject to amortization was 13.9 years and 13.8 years, respectively as of March 31, 2025 and December 31, 2024. The weighted-average amortization period as of March 31, 2025 and December 31, 2024 is 13.9 years for customer relationships, 13.9 years and 13.8 years, respectively for trade names and 10.0 years for technology.