Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net

v3.24.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net, consisted of the following at the dates indicated (amount in thousands):
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 
December 31, 2022
Gross
Carrying
Amount		 Accumulated
Amortization		 Net Carrying
Value
Trade names $ 7,956  $ (1,263) $ 6,693 
Software development 12,349  (3,029) 9,320 
Customer relationships 8,180  (2,085) 6,095 
Agent relationships 5,856  (988) 4,868 
Know-how 430  (147) 283 
$ 34,771  $ (7,512) $ 27,259 
As of December 31, 2023, the estimated future amortization expense for definite-lived intangible assets will be (amount in thousands):
Years Ended December 31,
2024 $ 5,447 
2025 5,194 
2026 4,558 
2027 3,559 
2028 2,419 
Thereafter 2,732 
Total $ 23,909 
Amortization expense for purchased and capitalized software included in technology and development expense was approximately $2.8 million and $2.2 million for the years ended December 31, 2023 and 2022, respectively.