Quarterly report [Sections 13 or 15(d)]

Intangible Assets, net

v3.26.1
Intangible Assets, net
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets, net

Note 9: Intangible Assets, net

 

The Company had the following intangible assets (in thousands) with their weighted average remaining amortization period (in years):

                   
    Weighted Average Remaining Amortization   As of  
    Period   March 31, 2026     December 31, 2025  
Customer Relationships   4.3   $ 17,325     $ 17,325  
Digital Networks   12.0     803       803  
Trade Names   65.2     9,198       9,198  
Intangible Assets, gross         27,326       27,326  
                     
Less Accumulated Amortization         (8,335 )     (7,833 )
Foreign Currency Translation Adjustment         (2,087 )     (1,889 )
Intangible Assets, net       $ 16,904     $ 17,604  

 

During the three months ended March 31, 2026 and March 31, 2025, the Company recorded intangible asset amortization expense of $0.5 million and $0.5 million, respectively.

 

Expected future amortization of intangible assets subject to amortization as of March 31, 2026 is as follows (in thousands):

       
Fiscal Year:        
2026   $ 1,385  
2027     1,969  
2028     2,009  
2029     2,009  
2030     662  
Thereafter     4,216  
Total   $ 12,250  

 

As of March 31, 2026 and December 2025, $4.7 million and $4.7 million, respectively, of the Company’s intangible assets related to the acquired trade names from the Wow acquisition had indefinite lives and are not subject to amortization.