INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of intangible assets as of March 31, 2026 and December 31, 2025 is as follows (in thousands):


	March 31, 2026
	(unaudited)
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	162,670	$	(128,112)	$	34,558
Trade names	19,165		(18,953)		212
Technology	2,300		(2,300)		—
Licenses	683		(683)		—
Intangible assets	$	184,818	$	(150,048)	$	34,770


	December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	162,678	$	(125,109)	$	37,569
Trade names	19,172		(18,930)		242
Technology	2,300		(2,262)		38
Licenses	683		(683)		—
Intangible assets	$	184,833	$	(146,984)	$	37,849

Amortization expense of intangible assets was $3.1 million for the three months ended March 31, 2026 and 2025. The weighted-average amortization period for intangible assets subject to amortization was 14.0 years as of March 31, 2026 and December 31, 2025.