v3.26.1
Intangible Assets, net
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets, net
Note 11 — Intangible Assets, net
The Company records amortization expense on a straight-line basis over the life of the identifiable intangible assets related to an acquisition in September 2020. For the six months ended June 30, 2026 and 2025, amortization expense of $0.8 million and $1.0 million was recognized. As of June 30, 2026 and December 31, 2025, intangible assets net of accumulated amortization was $7.0 million and $7.9 million, respectively.
As of June 30, 2026, intangible assets and the related accumulated amortization, weighted-average remaining life and future amortization expense are as follows (in thousands):
June 30, 2026
Weighted-AverageOriginalAccumulated Net
Remaining Life (Years)AmountAmortizationTotal
Customer Lists4.3$13,028 $(7,491)$5,537 
Trademarks and tradenames4.33,501 (2,013)1,488 
Total intangible assets, net$16,529 $(9,504)$7,025 
December 31, 2025
Weighted-AverageOriginalAccumulatedNet
Remaining Life (Years)AmountAmortizationTotal
Customer Lists4.8$13,028 $(6,839)$6,189 
Trademarks and tradenames4.83,501 (1,838)1,663 
Total intangible assets, net$16,529 $(8,677)$7,852 
Total
2026$826 
20271,653 
20281,653 
20291,653 
20301,240 
Total future amortization expense$7,025