INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

A summary of intangible assets as of June 30, 2026 and December 31, 2025 is as follows (in thousands):


	June 30, 2026
	(unaudited)
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	162,667	$	(131,119)	$	31,548
Trade names	18,562		(18,519)		43
Technology	2,300		(2,300)		—
Licenses	683		(683)		—
Intangible assets	$	184,212	$	(152,621)	$	31,591


	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 $3.0 million and $3.1 million, respectively, for the three months ended June 30, 2026 and 2025. Amortization expense of intangible assets for the six months ended June 30, 2026 and 2025 was $6.1 million and $6.2 million, respectively. The weighted-average amortization period for intangible assets subject to amortization was 14.0 years as of June 30, 2026 and December 31, 2025.