Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

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Intangible Assets, Net
9 Months Ended
Sep. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net consisted of the following (amounts in thousands):
September 30, 2024
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Trade names $ 5,226  $ (1,711) $ 3,515 
Software development 16,618  (7,623) 8,995 
Customer relationships 2,020  (672) 1,348 
Agent relationships 6,016  (2,469) 3,547 
Know-how 430  (297) 133 
$ 30,310  $ (12,773) $ 17,537 
December 31, 2023
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Trade names $ 7,956  $ (2,058) $ 5,898 
Software development 14,159  (5,517) 8,642 
Customer relationships 8,180  (3,199) 4,981 
Agent relationships 6,016  (1,825) 4,191 
Know-how 430  (233) 197 
$ 36,741  $ (12,832) $ 23,909 
Estimated future amortization of intangible assets as of September 30, 2024 was as follows (amounts in thousands):
Years Ending December 31,
2024 (remaining) $ 1,197 
2025 4,648 
2026 4,091 
2027 3,162 
2028 2,095 
Thereafter 2,344 
Total $ 17,537 
The aggregate amortization expense for intangible assets was $1.1 million and $1.3 million, of which $0.8 million and $0.7 million was included in technology and development expense, for the three months ended September 30, 2024 and 2023, respectively.
The aggregate amortization expense for intangible assets was $3.8 million and $4.0 million, of which $2.3 million and $2.1 million, respectively, was included in technology and development expense, for the nine months ended September 30, 2024 and 2023, respectively.