XML 34 R25.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

Intangible assets consist of the following:

 

(dollar amounts in thousands)

 

Estimated
useful life
in years

 

Average remaining life in years

 

Cost

 

Accumulated amortization

 

Net book value

March 31, 2024

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

7.5

 

$73,217

 

$(19,005)

 

$54,212

Non-compete agreements

 

5

 

3.5

 

10,556

 

(3,669)

 

6,887

Trade name

 

0.75 to 8

 

5.0

 

2,000

 

(1,250)

 

750

   Total amortizing

 

 

 

 

 

85,773

 

(23,924)

 

61,849

Trade name - non-amortizing

 

Indefinite

 

 

 

171

 

 

171

   Total

 

 

 

 

 

$85,944

 

$(23,924)

 

$62,020

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

7.8

 

$73,217

 

$(17,003)

 

$56,214

Non-compete agreements

 

5

 

3.7

 

10,556

 

(3,141)

 

7,415

Trade name

 

0.75 to 8

 

5.3

 

2,000

 

(1,212)

 

788

   Total amortizing

 

 

 

 

 

85,773

 

(21,356)

 

64,417

Trade name - non-amortizing

 

Indefinite

 

 

 

171

 

 

171

   Total

 

 

 

 

 

$85,944

 

$(21,356)

 

$64,588