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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
Definite-Lived Intangible Assets. The Company acquired definite-lived intangible asset in connection with various acquisitions of businesses. The distributor relationships have a carrying value of $58,716, net of accumulated amortization of $6,384. The distributor relationships have a useful life of 20 years. The amortization expense for the years ended December 31, 2023 and 2022 was $2,761 and $2,070, respectively. The weighted average amortization period at December 31, 2023 for definite-lived intangible assets is 18.1 years

As of December 31, 2023, the expected future amortization expense related to definite-lived intangibles assets are as follows:

2024$3,255 
20253,255 
20263,255 
20273,255 
20283,255 
Thereafter42,441 
Total$58,716 

Goodwill and Indefinite-Lived Intangible Assets. The Company records goodwill and indefinite-lived intangible assets in connection with various acquisitions of businesses and allocates the goodwill and indefinite-lived intangible assets to its respective reporting units.

Changes in carrying amount of goodwill by business segment were as follows:
Distilling SolutionsBranded SpiritsIngredient SolutionsTotal
Balance at December 31, 2022
$— $226,294 $— $226,294 
Acquisitions— 95,250 — 95,250 
Balance at December 31, 2023
$— $321,544 $— $321,544 
Changes in carrying amount of trade names by business segment were as follows:
Distilling SolutionsBranded SpiritsIngredient SolutionsTotal
Balance at December 31, 2022
$— $178,990 $— $178,990 
Acquisitions— 34,000 — 34,000 
Balance at December 31, 2023
$— $212,990 $— $212,990