Quarterly report [Sections 13 or 15(d)]

Intangible Assets, net

v3.26.1
Intangible Assets, net
 6 Months Ended
Jun. 30, 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   June 30, 2026     December 31, 2025  
Customer Relationships   4.0   $ 17,325     $ 17,325  
Digital Networks   11.8     803       803  
Trade Names   64.9     9,198       9,198  
Intangible Assets, gross         27,326       27,326  
                     
Less Accumulated Amortization         (8,828 )     (7,833 )
Foreign Currency Translation Adjustment         (2,320 )     (1,889 )
Intangible Assets, net       $ 16,178     $ 17,604  

 

During the three months ended June 30, 2026 and June 30, 2025, the Company recorded intangible asset amortization expense of $0.5 million and $0.5 million, respectively. During the six months ended June 30, 2026 and June 30, 2025, the Company recorded intangible asset amortization expense of $1.0 million and $1.0 million, respectively.

 

Expected future amortization of intangible assets subject to amortization as of June 30, 2026 is as follows (in thousands):

   
Fiscal Year:    
2026   $ 987  
2027     1,973  
2028     1,973  
2029     1,973  
2030     871  
Thereafter     3,835  
Total   $ 11,612  

 

As of June 30, 2026 and December 31, 2025, $4.6 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.