| INTANGIBLE ASSETS |
5. INTANGIBLE ASSETS Intangible assets on the Company’s consolidated balance sheets consist of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | Weighted Average | | December 31, 2025 | | December 31, 2024 | | | Amortization | | Gross | | Accumulated | | Net Book | | Gross | | Accumulated | | Net Book | | | Period | | Amount | | Amortization | | Value | | Amount | | Amortization | | Value | Customer lists | | 14.1 years | | $ | 117,927 | | $ | (59,006) | | $ | 58,921 | | $ | 116,370 | | $ | (50,098) | | $ | 66,272 | Trade name | | 13.7 years | | | 16,105 | | | (9,471) | | | 6,634 | | | 15,890 | | | (8,564) | | | 7,326 | Design and technologies | | 10.5 years | | | 42,232 | | | (19,396) | | | 22,836 | | | 41,390 | | | (15,317) | | | 26,073 | Total | | | | $ | 176,264 | | $ | (87,873) | | $ | 88,391 | | $ | 173,650 | | $ | (73,979) | | $ | 99,671 | | | | | | | | | | | | | | | | | | | | | |
Total amortization expense for intangible assets for the years 2025, 2024, and 2023 was $12,471, $12,697, and $12,313, respectively. Estimated amortization expense for intangible assets is as follows (in thousands): | | | | Year ending December 31, | | Total | | | Estimated | | | Amortization Expense | 2026 | | | 12,429 | 2027 | | | 11,986 | 2028 | | | 11,222 | 2029 | | | 9,583 | 2030 | | | 9,429 | Thereafter | | | 33,742 | Total estimated amortization expense | | $ | 88,391 | | | | |
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