Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net (Tables)

v3.24.0.1
Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net, related to continuing operations consisted of the following (in thousands). Refer to Note 2 - Summary of Significant Accounting Policies for additional information on our accounting policies related to intangible assets.
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 
December 31, 2022 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 34,800  $ —  $ (7,300) $ 27,500 
Amortizing intangibles
Broker/customer relationships
9
334,700  (65,081) —  269,619 
Total intangibles $ 369,500  $ (65,081) $ (7,300) $ 297,119 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net, related to continuing operations consisted of the following (in thousands). Refer to Note 2 - Summary of Significant Accounting Policies for additional information on our accounting policies related to intangible assets.
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 
December 31, 2022 Amortization Period (Years) Cost Accumulated Amortization Impairment Net
Non-amortizing intangibles
Trade name
N/A
 $ 34,800  $ —  $ (7,300) $ 27,500 
Amortizing intangibles
Broker/customer relationships
9
334,700  (65,081) —  269,619 
Total intangibles $ 369,500  $ (65,081) $ (7,300) $ 297,119 
Schedule of Estimated Amortization Expense
The estimated amortization expense for each of the five succeeding fiscal years and thereafter as of December 31, 2023 is as follows (in thousands):
Year Ending December 31, Amount
2024 $ 37,189 
2025 37,189 
2026 37,189 
2027 37,189 
2028 37,189 
Thereafter 46,486 
Total future amortization expense $ 232,431