v3.26.1
INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
Intangible assets, net as of June 30, 2026 were as follows (in thousands):
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Useful Life (Years)
Trademarks and trade names$864,800 $— $864,800 Indefinite
Supplier relationships160,740 (134,539)26,201 8.0
Other definite-lived intangibles5,292 (4,510)782 2.0
Total$1,030,832 $(139,049)$891,783 7.9
Intangible assets, net as of December 31, 2025 were as follows (in thousands):
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted-Average Useful Life (Years)
Trademarks and trade names$864,800 $— $864,800 Indefinite
Supplier relationships160,740 (124,072)36,668 8.0
Other definite-lived intangibles5,246 (3,671)1,575 2.0
Total$1,030,786 $(127,743)$903,043 7.9
Amortization expense for intangible assets was $5.6 million and $5.8 million for the three months ended June 30, 2026 and 2025, respectively, and $11.3 million and $11.5 million for the six months ended June 30, 2026 and 2025, respectively.