Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets, Net (Tables)

v3.25.0.1
Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net, consisted of the following (in thousands):
December 31, 2024 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name N/A $ 21,100  $ —  $ —  $ 21,100 
Amortizing intangibles
Broker/customer relationships
9
 334,700  (139,458) —  195,242 
Total intangibles $ 355,800  $ (139,458) $ —  $ 216,342 
December 31, 2023 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 27,500  $ —  $ (6,400) $ 21,100 
Amortizing intangibles
Broker/customer relationships
9
334,700  (102,269) —  232,431 
Total intangibles $ 362,200  $ (102,269) $ (6,400) $ 253,531 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net, consisted of the following (in thousands):
December 31, 2024 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name N/A $ 21,100  $ —  $ —  $ 21,100 
Amortizing intangibles
Broker/customer relationships
9
 334,700  (139,458) —  195,242 
Total intangibles $ 355,800  $ (139,458) $ —  $ 216,342 
December 31, 2023 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 27,500  $ —  $ (6,400) $ 21,100 
Amortizing intangibles
Broker/customer relationships
9
334,700  (102,269) —  232,431 
Total intangibles $ 362,200  $ (102,269) $ (6,400) $ 253,531 
Schedule of Estimated Amortization Expense
As of December 31, 2024, the estimated amortization expense for the next five years and thereafter is as follows (in thousands):
Year Ending December 31, Amount
2025 $ 37,189 
2026 37,189 
2027 37,189 
2028 37,189 
2029 37,189 
Thereafter 9,297 
Total future amortization expense $ 195,242