Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

Intangible Assets, Net [Abstract]

Intangible Assets, Net

8.INTANGIBLE ASSETS, NET

The following table provides the gross and net carrying amounts for each major class of intangible assets:

	As of September 30, 2022						As of December 31, 2021
	Gross carrying		Accumulated		Net book		Gross carrying		Accumulated		Net book
	amount		amortization		value		amount		amortization		value
	(in thousands)
Current contract intangibles	$	5,035,013	$	(2,974,375)	$	2,060,638	$	4,890,427	$	(2,749,594)	$	2,140,833
Network location intangibles		1,839,563		(1,198,262)		641,301		1,783,640		(1,121,226)		662,414
Intangible assets, net	$	6,874,576	$	(4,172,637)	$	2,701,939	$	6,674,067	$	(3,870,820)	$	2,803,247

All intangible assets noted above are included in the Company’s site leasing segment. Amortization expense relating to the intangible assets above was $100.4 million and $100.3 million for the three months ended September 30, 2022 and 2021, respectively, and $303.0 million and $313.2 million for the nine months ended September 30, 2022 and 2021, respectively.