v3.25.1
INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
Intangible assets, net comprised the following:
March 31, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Book ValueGross Carrying AmountAccumulated AmortizationNet Book Value
Finite-lived intangible assets: 
Computer software$8,995 $(8,688)$307 $8,982 $(8,625)$357 
Customer relationships99,806 (41,066)58,740 99,806 (39,230)60,576 
Technology, formulations and recipes110,381 (35,727)74,654 110,381 (33,401)76,980 
Trade names and trademarks131,492 (25,106)106,386 131,492 (23,432)108,060 
Other4,717 (4,526)191 4,716 (4,488)228 
Total finite-lived intangible assets, net355,391 (115,113)240,278 355,377 (109,176)246,201 
Indefinite-lived intangible asset: 
Trade name2,801  2,801 2,801  2,801 
Total Intangible assets, net$358,192 $(115,113)$243,079 $358,178 $(109,176)$249,002 
Amortization expense related to intangible assets was $5,933 and $6,084 for the three months ended March 31, 2025 and 2024, respectively.
The following are the estimated useful lives and the weighted-average amortization period remaining as of March 31, 2025, for the major classes of finite-lived intangible assets:
Useful lives
Weighted-average amortization period remaining
Computer software
3 to 5 years
1 year
Customer relationships
7 to 18 years
9 years
Technology, formulations and recipes
8 to 12 years
8 years
Trade names and trademarks
15 to 20 years
16 years
The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2025, is summarized below:
Estimated Future Amortization Expense
For the period of April 1, 2025 to December 31, 2025$17,801 
Year ending December 31,
202623,532 
202723,359 
202822,713 
202921,582 
203021,394 
Thereafter109,897 
Total $240,278