Intangible Assets, Net

6 Months Ended

Jun. 30, 2023

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 June 30, 2023						As of December 31, 2022
	Gross carrying		Accumulated		Net book		Gross carrying		Accumulated		Net book
	amount		amortization		value		amount		amortization		value
	(in thousands)
Current contract intangibles	$	5,246,825	$	(3,248,516)	$	1,998,309	$	5,170,187	$	(3,060,494)	$	2,109,693
Network location intangibles		1,913,785		(1,284,017)		629,768		1,893,048		(1,226,269)		666,779
Intangible assets, net	$	7,160,610	$	(4,532,533)	$	2,628,077	$	7,063,235	$	(4,286,763)	$	2,776,472

All intangible assets noted above are included in the Company’s site leasing segment. Amortization expense relating to the intangible assets above was $101.3 million and $102.0 million for the three months ended June 30, 2023 and 2022, respectively, and $203.1 million and $202.6 million for the six months ended June 30, 2023 and 2022, respectively.