Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Deferred Charges

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Intangible Assets and Deferred Charges
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Deferred Charges Intangible Assets and Deferred Charges
Intangible Assets
Intangible assets represent the fair value of intellectual, non-physical assets resulting from business acquisitions and are amortized over their estimated useful life using either an accelerated or straight-line method over a period of 15 years.
The balance of intangible assets from continuing operations subject to amortization are as follows:
September 30, 2024 December 31, 2023
(in thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization
Definite-lived intangible assets:
Customer related $ 14,604  $ (7,779) $ 14,604  $ (6,685)
Trademarks and trade names 150  (22) 150  (17)
Other 500  (73) 500  (56)
Total definite-lived intangible assets $ 15,254  $ (7,874) $ 15,254  $ (6,758)
Estimated amortization expense related to intangible assets for the next five years are as follows:
(in thousands)
Remainder of 2024 $ 372 
2025 1,324 
2026 1,102 
2027 930 
2028 786 
2029 673 
Thereafter 2,193 

Deferred Charges
Deferred charges represent debt issuance costs and are amortized over their estimated useful lives using the straight-line method over a period of four years.
The balance of deferred charges subject to amortization are as follows:
(in thousands) September 30, 2024 December 31, 2023
Deferred charges, gross $ 398  $ 398 
Accumulated amortization of deferred charges (369) (294)
Deferred charges, net $ 29  $ 104