Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets, net consisted of the following as of December 31, 2025 (in thousands):


			Gross Carrying Amount						Accumulated Amortization						Net Value						Remaining Useful Life (Years)
Customer relationships			$	40,200					$	(9,422)					$	30,778					12.25


Total:			$	40,200					$	(9,422)					$	30,778

Intangible assets, net consisted of the following as of December 31, 2024 (in thousands):


			Gross Carrying Amount						Accumulated Amortization						Net Value						Remaining Useful Life (Years)
Customer relationships			$	40,200					$	(6,909)					$	33,291					13.25
Trade name			7,400						(2,908)						4,492						4.25

Total:			$	47,600					$	(9,817)					$	37,783

As of December 31, 2025, future amortization expense is expected to be as follows (in thousands):


2026			$	2,513
2027			2,513
2028			2,513
2029			2,513
2030			2,513
Thereafter			18,213
Total			$	30,778