Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Intangible Assets, Net [Abstract]

Intangible Assets, Net

9.INTANGIBLE ASSETS, NET

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

	As of December 31, 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	$	5,170,187	$	(3,060,494)	$	2,109,693	$	4,890,427	$	(2,749,594)	$	2,140,833
Network location intangibles		1,893,048		(1,226,269)		666,779		1,783,640		(1,121,226)		662,414
Intangible assets, net	$	7,063,235	$	(4,286,763)	$	2,776,472	$	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 $406.0 million, $411.9 million, and $434.4 million for the years ended December 31, 2022, 2021, and 2020, respectively.
‎

Estimated amortization expense on the Company’s intangibles assets is as follows:

For the year ended December 31,	(in thousands)
2023	$	392,676
2024		362,709
2025		352,706
2026		337,424
2027		286,579