v3.25.2
Intangible Assets, net
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net

Note 9: Intangible Assets, net

 

Intangible Assets, net

 

The Company had the following intangible assets (in thousands) with their weighted average remaining amortization period (in years):

 

Intangible Assets, net

             
   Weighted Average Remaining Amortization  As of 
   Period  June 30, 2025   December 31, 2024 
Customer Relationships  5.0  $17,325   $17,325 
Digital Networks  12.8   803    803 
Trade Names  65.9   9,970    9,970 
Intangible Assets, gross      28,098    28,098 
              
Less Accumulated Amortization      (6,821)   (5,822)
Foreign Currency Translation Adjustment      (1,873)   (2,555)
Intangible Assets, net     $19,404   $19,722 

 

During the three months ended June 30, 2025 and 2024, the Company recorded intangible asset amortization expense of $0.5 million and $0.5 million, respectively. During the six months ended June 30, 2025 and 2024, the Company recorded intangible asset amortization expense of $1.0 million and $1.0 million, respectively.

 

Expected future amortization of intangible assets subject to amortization as of June 30, 2025 is as follows (in thousands):

     
Fiscal Year:    
2025  $1,020 
2026   2,040 
2027   2,040 
2028   2,040 
2029   2,040 
Thereafter   4,724 
Total  $13,904 

 

As of June 30, 2025, $5.5 million of the Company’s intangible assets related to the acquired trade names from the Wow acquisition had indefinite lives and are not subject to amortization.