Intangible Assets, Net

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 7 -- Intangible Assets, Net

The Company’s intangible assets, net consist of the following:

	June 30,			December 31,
	2024			2023
In-place leases (a)		2,220			2,221
Policy renewal rights - United		10,100			10,100
Non-compete agreements - United (b)		314			314
Total, at cost		12,634			12,635
Less: accumulated amortization		(6,202	)		(4,976	)
Intangible assets, net	$	6,432		$	7,659

(a)Amortization related to the Haines City property is expected to start in November 2024.

(b)Fully amortized.

The remaining weighted-average amortization periods for the intangible assets as of June 30, 2024 are summarized in the table below:

In-place leases	18.2 years
Policy renewal rights - United	1.8 years

At June 30, 2024 and December 31, 2023, contingent liabilities related to renewal rights intangible assets were $371 and are included in other liabilities on the consolidated balance sheets.