Quarterly report [Sections 13 or 15(d)]

Intangible Assets and Deferred Charges

v3.26.1
Intangible Assets and Deferred Charges
 3 Months Ended
Mar. 31, 2026
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:
March 31, 2026 December 31, 2025
(in thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization
Definite-lived intangible assets:
Customer related $ 5,100  $ (2,863) $ 5,100  $ (2,779)
Trademarks and trade names 150  (39) 150  (32)
Other 500  (132) 500  (106)
Total definite-lived intangible assets $ 5,750  $ (3,034) $ 5,750  $ (2,917)
Estimated amortization expense related to intangible assets for the next five years are as follows:
(in thousands)
Remainder of 2026 $ 351 
2027 375 
2028 310 
2029 278 
2030 248 
2031 221 
Thereafter $ 933 

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 2.5 years.
The balance of deferred charges subject to amortization are as follows:
(in thousands) March 31, 2026 December 31, 2025
Deferred charges, gross $ 506  $ 506 
Accumulated amortization of deferred charges (155) (105)
Deferred charges, net $ 351  $ 401