v3.26.1
INTANGIBLE ASSETS AND GOODWILL
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
(in thousands)June 30, 2026December 31, 2025
Intangible Assets
Licenses and permits$292,870 $282,745 
In-place leases7,100 7,100 
Trade names380 380 
300,350 290,225 
Accumulated amortization:
Licenses and permits(96,914)(86,673)
In-place leases(7,100)(7,100)
Trade names(380)(380)
(104,394)(94,153)
Total intangible assets, net$195,956 $196,072 
Amortization expense related to intangible assets was $6,833 and $6,796 during the three months ended June 30, 2026 and 2025, respectively, and $13,640 and $13,410 during the six months ended June 30, 2026 and 2025, respectively. Total amortization expense capitalized to inventory was $582 and $754 during the three months ended June 30, 2026 and 2025, respectively, and $1,337 and $1,509 during the six months ended June 30, 2026 and 2025, respectively. At June 30, 2026 and December 31, 2025, $270 and $399, respectively, of amortization expense remained capitalized as part of inventory. During the six months ended June 30, 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 
Acquisitions(1)
7,015 
Adjustments to purchase price allocation(1)
(100)
Balance, June 30, 2026
$65,368 
(1)Refer to Note 4, “Acquisitions,” for additional information.
No impairment indicators were noted during the six months ended June 30, 2026 or 2025 and, as such, we did not record any impairment charges during either period.