v3.26.1
INTANGIBLE ASSETS AND GOODWILL
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
(in thousands)March 31, 2026December 31, 2025
Intangible Assets
Licenses and permits$279,580 $282,745 
In-place leases7,100 7,100 
Trade names380 380 
287,060 290,225 
Accumulated amortization:
Licenses and permits(90,081)(86,673)
In-place leases(7,100)(7,100)
Trade names(380)(380)
(97,561)(94,153)
Total intangible assets, net$189,499 $196,072 
Amortization expense related to intangible assets was $6,807 and $6,614 during the three months ended March 31, 2026 and 2025, respectively. Total amortization expense capitalized to inventory was $755 during each of the three months ended March 31, 2026 and 2025. At March 31, 2026 and December 31, 2025, $295 and $399, respectively, of amortization expense remained capitalized as part of inventory. During the three months ended March 31, 2026, the Company de-recognized an intangible asset with net book value of $3,529, net of accumulated amortization of $3,399; refer to Note 4, “Acquisitions,” for additional details regarding this transaction.
Goodwill
(in thousands)
Balance, December 31, 2025
$58,453 
Adjustments to purchase price allocation(1)
(100)
Balance, March 31, 2026
$58,353 
(1)Refer to Note 4, “Acquisitions,” for additional information.
No impairment indicators were noted during the three months ended March 31, 2026 or 2025 and, as such, we did not record any impairment charges during either period.