OTHER INTANGIBLES, NET

3 Months Ended

Mar. 31, 2024

OTHER INTANGIBLES, NET

OTHER INTANGIBLES, NET

11. OTHER INTANGIBLES, NET

Intangible assets are amortized over their legal or estimated useful life. The following table provides a summary of the gross carrying value and accumulated amortization by each major intangible class as of March 31, 2024, and December 31, 2023:

		March 31, 2024				December 31, 2023
(in thousands)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived Intangibles:
Customer relationships	$	10,000	$	(750)	$	10,000	$	(500)
Trade names and trademarks		3,519		(559)		3,519		(479)
Software licenses		2,202		(2,110)		2,202		(1,917)
Patents and technology		300		(300)		300		(300)
	$	16,021	$	(3,719)	$	16,021	$	(3,196)

Amortization expense for each of the periods presented follows:

	Three months ended
	March 31,
(in thousands)		2024		2023
Amortization of finite-lived intangible assets	$	523	$	200

Estimated amortization expense based on balances as of March 31, 2024, were as follows: $1.2 million for the remainder of 2024; $1.3 million for the years 2025 to 2029.