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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2023
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

7.    INTANGIBLE ASSETS

Intangible assets on the Company’s condensed consolidated balance sheets consist of the following:

June 30, 2023

December 31, 2022

    

    

Gross

    

Accumulated

    

Net Book

    

Gross

    

Accumulated

    

Net Book

Life

Amount

Amortization

Value

Amount

Amortization

Value

Customer lists

 

5 - 18 years

$

112,676

$

(38,336)

$

74,340

$

112,378

$

(34,377)

$

78,001

Trade name

 

10 - 19 years

 

15,295

 

(7,435)

 

7,860

 

15,320

 

(6,900)

 

8,420

Design and technologies

 

10 - 15 years

 

41,327

 

(10,367)

 

30,960

 

41,212

 

(8,558)

 

32,654

Total

$

169,298

$

(56,138)

$

113,160

$

168,910

$

(49,835)

$

119,075

Amortization expense for intangible assets was $3,142 and $2,645 for the three months ended June 30, 2023 and 2022, respectively. For the six months ended June 30, 2023 and 2022, amortization expense was $6,151 and $5,079, respectively.

Estimated future intangible asset amortization expense as of June 30, 2023 is as follows:

Estimated

    

Amortization Expense

Remainder of 2023

$

6,073

2024

 

11,908

2025

11,892

2026

 

11,795

2027

11,352

Thereafter

 

60,140

Total estimated amortization expense

$

113,160