Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.1.u1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2024
Intangible Assets other than Capitalized Software  
Finite-Lived Intangible Assets [Line Items]  
Summary of Intangible Assets

Intangible assets consist of the following:

 

(in thousands)

 

March 31, 2024

 

 

Useful

 

Gross Carrying

 

 

Accumulated

 

 

Net

 

 

Net Carrying

 

 

Life

 

Amount

 

 

Amortization

 

 

Disposal

 

 

Amount

 

Trademarks

 

5-10 Years

 

$

2,320

 

 

$

(683

)

 

$

—

 

 

$

1,637

 

Noncompete agreements

 

5 Years

 

 

990

 

 

 

(594

)

 

 

—

 

 

 

396

 

Customer relationships

 

5-7 Years

 

 

3,760

 

 

 

(1,485

)

 

 

(51

)

 

 

2,224

 

Patents and patent applications

 

5 Years

 

 

650

 

 

 

(33

)

 

 

—

 

 

 

617

 

 

 

 

$

7,720

 

 

$

(2,795

)

 

$

(51

)

 

$

4,874

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

Trademarks

 

5-10 Years

 

$

2,320

 

 

$

(605

)

 

$

—

 

 

$

1,715

 

Noncompete agreements

 

5 Years

 

 

990

 

 

 

(545

)

 

 

—

 

 

 

445

 

Customer relationships

 

5-7 Years

 

 

3,760

 

 

 

(1,342

)

 

 

(51

)

 

 

2,367

 

Patents and patent applications

 

(*)

 

 

650

 

 

 

—

 

 

 

—

 

 

 

650

 

 

 

 

$

7,720

 

 

$

(2,492

)

 

$

(51

)

 

$

5,177

 

 

(*)
Patents have yet to be approved by the United States Patent and Trademark Office. Useful life is determined upon placement into service after approval.