v3.26.1
INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The Company had the following amounts related to intangible assets, all of which are amortizable (in thousands):
June 30, 2026
Gross
Carrying
Amount
Accumulated
Amortization
Total
Customer relationships$279,830 $(102,338)$177,492 
Trade name/trademarks25,000 (12,500)12,500 
Developed technology4,000 (2,571)1,429 
Non-compete agreements5,870 (2,403)3,467 
Intangible assets, net$314,700 $(119,812)$194,888 
December 31, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Total
Customer relationships$279,830 $(88,263)$191,567 
Trade name/trademarks25,000 (11,111)13,889 
Developed technology4,000 (2,286)1,714 
Non-compete agreements5,870 (1,657)4,213 
Intangible assets, net$314,700 $(103,317)$211,383 
Amortization expense related to these intangible assets was approximately $16.5 million and $14.3 million for the six months ended June 30, 2026 and 2025, respectively.
Amortization expense related to these intangible assets was approximately $8.2 million and $7.2 million for the three months ended June 30, 2026 and 2025, respectively.