XML 34 R20.htm IDEA: XBRL DOCUMENT v3.24.0.1
Customer Lists, Net
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Customer Lists, Net Distribution Agreements, Net
Distribution agreements, net, which are amortized on a straight-line basis and have estimated useful lives of 20 to 40 years, consisted of the following:

(in thousands)December 31, 2023December 31, 2022
Distribution agreements at cost$990,191 $990,191 
Less: Accumulated amortization173,048 148,156 
Distribution agreements, net$817,143 $842,035 

Following is a summary of activity for distribution agreements, net during 2023 and 2022:

 Fiscal Year
(in thousands)20232022
Beginning balance - distribution agreements, net$842,035 $836,777 
Other distribution agreements— 30,149 
Additional accumulated amortization(24,892)(24,891)
Ending balance - distribution agreements, net$817,143 $842,035 

Assuming no impairment of distribution agreements, net, amortization expense in future years based upon recorded amounts as of December 31, 2023 will be $24.9 million for each fiscal year 2024 through 2028.
Customer Lists, Net
Customer lists, net, which are amortized on a straight-line basis and have estimated useful lives of five to 12 years, consisted of the following:

(in thousands)December 31, 2023December 31, 2022
Customer lists at cost$25,288 $25,288 
Less: Accumulated amortization17,789 16,123 
Customer lists, net$7,499 $9,165 

Assuming no impairment of customer lists, net, amortization expense in future years based upon recorded amounts as of December 31, 2023 will, on average, be $1.4 million for each fiscal year 2024 through 2028.