v3.26.1
Intangible Assets and Deferred Charges
 3 Months Ended
Mar. 31, 2026
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:
March 31, 2026December 31, 2025
(in thousands)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Definite-lived intangible assets:
Customer related$5,100 $(2,863)$5,100 $(2,779)
Trademarks and trade names150 (39)150 (32)
Other500 (132)500 (106)
Total definite-lived intangible assets$5,750 $(3,034)$5,750 $(2,917)
Estimated amortization expense related to intangible assets for the next five years are as follows:
(in thousands)
Remainder of 2026$351 
2027375 
2028310 
2029278 
2030248 
2031221 
Thereafter$933 

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 2.5 years.
The balance of deferred charges subject to amortization are as follows:
(in thousands)March 31, 2026December 31, 2025
Deferred charges, gross$506 $506 
Accumulated amortization of deferred charges(155)(105)
Deferred charges, net$351 $401