The components of intangible assets, all of which are finite-lived, were as follows:


	June 30, 2026							December 31, 2025
	Gross Carrying		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Useful Life (years)
(dollars in thousands)
Trademarks	$	25,392	$	(2,589	)	$	22,803	$	6,930	$	(1,488	)	$	5,442	5 - 10
FAA waiver		5,930		(2,908	)		3,022		5,930		(2,611	)		3,319	10
Developed technology		313,503		(23,780	)		289,723		113,604		(12,276	)		101,328	5 - 10
Non-compete agreements		3,521		(477	)		3,044		3,521		(37	)		3,484	4
Customer relationships		275,477		(11,735	)		263,742		23,008		(982	)		22,026	5-10
Other intangible assets		1,514		(580	)		934		2,040		(749	)		1,291	3 - 10
Total	$	625,337	$	(42,069	)	$	583,268	$	155,033	$	(18,143	)	$	136,890

Amortization expense for the three months ended June 30, 2026 and 2025 was $18.7 million and $1.1 million, respectively. Amortization expense for the six months ended June 30, 2026 and 2025 was $24.3 million and $2.1 million, respectively. Other intangible assets represent patents, licenses, software, backlog and other marketing-related assets.

The weighted-average amortization periods for definite-lived intangible assets acquired during the six months ended June 30, 2026 are 7.5 years for customer relationships, 7.7 years for developed technology, 6.7 years for tradenames, and 3.0 years for other intangible assets. The weighted-average amortization period for definite-lived intangible assets acquired in aggregate during the six months ended June 30, 2026 is 7.5 years.

In June 2026, the Company entered into an agreement with Palantir Technologies Inc. to deploy enterprise software, artificial intelligence tools and perform related implementation services. The arrangement is intended to support data integration, operational efficiency, supply chain visibility, and other corporate initiatives. The agreement has an initial term expiring in February 2027 and includes options for future renewal periods. The Company accounts for the arrangement as a hosted software service contract and recognizes the related costs as services are received.