Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

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Intangible Assets, Net
9 Months Ended
Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net consisted of the following (amounts in thousands):
September 30, 2023
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Trade names $ 7,956  $ (1,859) $ 6,097 
Software development 13,686  (4,864) 8,822 
Customer relationships 8,180  (2,921) 5,259 
Agent relationships 5,856  (1,616) 4,240 
Know-how 430  (211) 219 
$ 36,108  $ (11,471) $ 24,637 
December 31, 2022
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Value
Trade names $ 7,956  $ (1,262) $ 6,694 
Software development 12,348  (3,029) 9,319 
Customer relationships 8,180  (2,085) 6,095 
Agent relationships 5,856  (988) 4,868 
Know-how 430  (147) 283 
$ 34,770  $ (7,511) $ 27,259 
Estimated future amortization of intangible assets as of September 30, 2023 was as follows (amounts in thousands):
Years Ending December 31,
2023 (remaining) $ 1,361 
2024 5,329 
2025 5,077 
2026 4,441 
2027 3,441 
Thereafter 4,988 
Total $ 24,637 
The aggregate amortization expense for intangible assets was $1.3 million and $1.2 million, of which $0.7 million and $0.5 million was included in technology and development expense for the three months ended September 30, 2023 and 2022, respectively.
The aggregate amortization expense for intangible assets was $4.0 million and $3.4 million, of which $2.1 million and $1.6 million was included in technology and development expense for the nine months ended September 30, 2023 and 2022, respectively.