| Intangible Assets, Net |
Intangible Assets, Net Intangible assets, net consisted of the following (amounts in thousands):
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March 31, 2025 |
|
Gross Carrying
Amount |
|
Accumulated
Amortization |
|
Net Carrying
Value |
| Trade names |
$ |
5,226 |
|
|
$ |
(1,972) |
|
|
$ |
3,254 |
|
| Software development |
18,032 |
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|
(9,215) |
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|
8,817 |
|
| Customer relationships |
2,020 |
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(773) |
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|
1,247 |
|
| Agent relationships |
9,243 |
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|
(3,090) |
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|
6,153 |
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| Know-how |
430 |
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|
(340) |
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|
90 |
|
|
$ |
34,951 |
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|
$ |
(15,390) |
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|
$ |
19,561 |
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December 31, 2024 |
|
Gross Carrying
Amount |
|
Accumulated
Amortization |
|
Net Carrying
Value |
| Trade names |
$ |
5,226 |
|
|
$ |
(1,841) |
|
|
$ |
3,385 |
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| Software development |
17,371 |
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|
(8,404) |
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|
8,967 |
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| Customer relationships |
2,020 |
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(723) |
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|
1,297 |
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| Agent relationships |
9,235 |
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(2,761) |
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|
6,474 |
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| Know-how |
430 |
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(319) |
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|
111 |
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|
$ |
34,282 |
|
|
$ |
(14,048) |
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|
$ |
20,234 |
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Estimated future amortization of intangible assets as of March 31, 2025 was as follows (amounts in thousands):
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| Years Ending December 31, |
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| 2025 (remaining) |
|
$ |
4,026 |
|
| 2026 |
|
4,837 |
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| 2027 |
|
3,908 |
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| 2028 |
|
2,840 |
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| 2029 |
|
1,881 |
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| Thereafter |
|
2,069 |
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| Total |
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$ |
19,561 |
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The aggregate amortization expense for intangible assets was $1.4 million and $1.4 million, of which $0.9 million and $0.8 million was included in technology and development expense for the three months ended March 31, 2025 and 2024, respectively.
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