Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Net

v3.25.2
Intangible Assets, Net
 6 Months Ended
Jun. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net consisted of the following (amounts in thousands):
June 30, 2025
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Trade names $ 5,226  $ (2,103) $ 3,123 
Software development 18,748  (10,051) 8,697 
Customer relationships 2,020  (824) 1,196 
Agent relationships 9,244  (3,421) 5,823 
Know-how 430  (362) 68 
$ 35,668  $ (16,762) $ 18,906 
December 31, 2024
Gross Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Trade names $ 5,226  $ (1,841) $ 3,385 
Software development 17,371  (8,404) 8,967 
Customer relationships 2,020  (723) 1,297 
Agent relationships 9,235  (2,761) 6,474 
Know-how 430  (319) 111 
$ 34,282  $ (14,048) $ 20,234 
Estimated future amortization of intangible assets as of June 30, 2025 was as follows (amounts in thousands):
Years Ending December 31,
2025 (remaining) $ 2,745 
2026 4,980 
2027 4,050 
2028 2,983 
2029 2,024 
Thereafter 2,124 
Total $ 18,906 
The aggregate amortization expense for intangible assets was $1.4 million and $1.2 million, of which $0.9 million and $0.8 million was included in technology and development expense for the three months ended June 30, 2025 and 2024, respectively.
The aggregate amortization expense for intangible assets was $2.7 million and $2.6 million, of which $1.8 million and $1.5 million was included in technology and development expense for the six months ended June 30, 2025 and 2024, respectively.