Intangible assets, net

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The gross book value, accumulated amortization, net book value and amortization periods of the intangible assets were as follows:


	September 30, 2024
	Estimated useful life			Gross book value		Accumulated amortization		Net book value		Weighted average remaining useful life
Customer relationships	5	-	15 years	$	302,003	$	(163,960)	$	138,043	7.9 years
Developed technology	5 years			137,414		(130,050)		7,364		2.0 years
Trademarks	5	-	9 years	19,700		(14,489)		5,211		2.6 years

Total				$	459,117	$	(308,499)	$	150,618

	December 31, 2023
	Estimated useful life			Gross book value		Accumulated amortization		Net book value		Weighted average remaining useful life
Customer relationships	5	-	15 years	$	301,994	$	(142,135)	$	159,859	8.6 years
Developed technology	5 years			137,361		(125,426)		11,935		2.6 years
Trademarks	5	-	9 years	19,700		(12,604)		7,096		3.4 years
Favorable leases	6 years			198		(180)		18		0.5 years
Total				$	459,253	$	(280,345)	$	178,908

Amortization expense related to intangibles for the three months ended September 30, 2024 and 2023 was $9,331 and $9,708, respectively. Amortization expense related to intangibles for the nine months ended September 30, 2024 and 2023 was $28,295 and $29,124, respectively. During the nine months ended September 30, 2024, the Company wrote-off $198 of fully amortized favorable lease assets and the corresponding accumulated amortization.