v3.26.1
Note 6 - Intangible Assets
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

NOTE 6.     INTANGIBLE ASSETS

 

Intangible assets consist of the following: 

 

  

June 30, 2026

  

December 31, 2025

 
      

Accumulated

          

Accumulated

     
  

Cost

  

Amortization

  

Balance

  

Cost

  

Amortization

  

Balance

 
                         

Customer relationships

 $68,153  $(43,568) $24,585  $68,153  $(40,899) $27,254 

Permits, licenses, and lease acquisition costs

  11,277   (7,980)  3,297   11,226   (7,467)  3,759 

Site location

  849   (505)  344   849   (477)  372 

Technology

  990   (618)  372   990   (569)  421 

Trade names and trademarks

  10,180   (2,378)  7,802   10,180   (2,125)  8,055 

Nonsolicitation agreement

  325   (325)  -   325   (313)  12 

Capitalized contract costs

  3,435   (1,103)  2,332   3,408   (931)  2,477 

Indefinite lived intangibles

  8,412   -   8,412   7,792   -   7,792 
                         

Total

 $103,621  $(56,477) $47,144  $102,923  $(52,781) $50,142 

 

Future Amortization

 

The future amortization associated with the intangible assets is as follows:

 

  

June 30,

         
  

2027

  

2028

  

2029

  

2030

  

2031

  

Thereafter

  

Total

 
                             

Customer relationships

 $5,371  $5,339  $3,710  $3,158  $2,735  $4,272  $24,585 

Permits, licenses, and lease acquisition costs

  1,034   999   380   189   135   560   3,297 

Site location

  57   57   57   57   57   59   344 

Technology

  99   99   99   75   -   -   372 

Trade names and trademarks

  509   509   509   509   509   5,257   7,802 

Nonsolicitation agreement

  -   -   -   -   -   -   - 

Capitalized contract costs

  343   343   343   343   343   617   2,332 
                             

Total

 $7,413  $7,346  $5,098  $4,331  $3,779  $10,765  $38,732 

 

Amortization expense for the six months ended June 30, 2026 and 2025 was $3.7 million and $3.8 million, respectively.

 

 

As of  June 30, 2026, the weighted average amortization period, in months, for intangible assets is as follows: 

 

Customer relationships

  55 

Permits, licenses, and lease acquisition costs

  38 

Site location

  73 

Technology

  45 

Trade names and trademarks

  184 

Capitalized contract costs

  81