v3.26.1
OTHER INTANGIBLES, NET
6 Months Ended
Jun. 30, 2026
OTHER INTANGIBLES, NET  
OTHER INTANGIBLES, NET

12. OTHER INTANGIBLES, NET

Intangible assets are amortized over their legal or estimated useful life. The following table provides a summary of the gross carrying value and accumulated amortization by each major intangible asset class as of June 30, 2026, and December 31, 2025:

June 30, 2026

December 31, 2025

Estimated Useful Life (in years)

Gross
Carrying
Amount

Accumulated Amortization

Gross
Carrying
Amount

Accumulated Amortization

(in thousands)

Finite-lived intangibles:

Customer relationships

10

$

93,800

$

(13,475)

$

93,700

$

(8,778)

Trade names and trademarks

10

15,119

(2,729)

12,819

(1,816)

Software licenses

3

5,350

(4,301)

5,350

(3,776)

$

114,269

$

(20,505)

$

111,869

$

(14,370)

Amortization expense for each of the periods presented follows:

Three months ended

Six months ended

June 30, 

June 30, 

  ​ ​ ​

2026

2025

  ​ ​ ​

2026

2025

(in thousands)

Amortization of finite-lived intangible assets

$

2,750

$

3,017

$

5,908

$

3,610

Estimated future amortization expense based on balances as of June 30, 2026, were as follows: $6.7 million for the remainder of 2026 and approximately $15.0 million for each of the years 2027 through 2029 and $14.2 million for 2030.