Intangible assets consist of finite and indefinite life assets. The following is a summary of the Company’s intangible assets as of June 30, 2026 (in thousands, except amortization period):


	Cost		Accumulated Amortization and Impairment			Net Balance		Weighted Average Amortization Period (in years)
Retail concession agreements	$	604,700	$	(112,950	)	$	491,750		39
Destination resort agreements		17,900		(12,182	)		5,718		15
Trade name		6,200		(800	)		5,400	Indefinite-life
Licensing agreement		1,000		(1,000	)		-	8
	$	629,800	$	(126,932	)	$	502,868

The following is a summary of the Company’s intangible assets as of December 31, 2025 (in thousands, except amortization period):


	Cost		Accumulated Amortization and Impairment			Net Balance		Weighted Average Amortization Period (in years)
Retail concession agreements	$	604,700	$	(105,195	)	$	499,505		39
Destination resort agreements		17,900		(11,798	)		6,102		15
Trade name		6,200		(800	)		5,400	Indefinite-life
Licensing agreement		1,000		(1,000	)		—		8
	$	629,800	$	(118,793	)	$	511,007

The Company amortizes intangible assets with definite lives on a straight-line basis over their estimated useful lives. Amortization expense was $4.1 million for each of the three-month periods ended June 30, 2026 and 2025. Amortization expense was $8.1 million and $8.3 million for the six-month periods ended June 30, 2026 and 2025, respectively. Amortization expense is estimated to be $16.5 million in each of the next five years beginning in 2026.