v3.25.2
Intangible Assets and Deferred Charges
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Deferred Charges Intangible Assets and Deferred Charges
Intangible Assets
Intangible assets represent the fair value of intellectual, non-physical assets resulting from business acquisitions and are amortized over their estimated useful life using either an accelerated or straight-line method over a period of 15 years.
The balance of intangible assets from continuing operations subject to amortization are as follows:
June 30, 2025December 31, 2024
(in thousands)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Definite-lived intangible assets:
Customer related$5,100 $(2,451)$5,100 $(2,167)
Trademarks and trade names150 (37)150 (32)
Other500 (123)500 (106)
Total definite-lived intangible assets$5,750 $(2,611)$5,750 $(2,305)
Estimated amortization expense related to intangible assets for the next five years are as follows:
(in thousands)
Remainder of 2025$306 
2026468 
2027375 
2028310 
2029277 
2030248 
Thereafter1,155 
Deferred Charges
Deferred charges represent debt issuance costs and are amortized over their estimated useful lives using the straight-line method over a period of four years.
The balance of deferred charges subject to amortization are as follows:
(in thousands)June 30, 2025December 31, 2024
Deferred charges, gross$401 $326 
Accumulated amortization of deferred charges(25)(17)
Deferred charges, net$376 $309