Goodwill and Other Intangible Assets |
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Goodwill and Other Intangible Assets |
7. Goodwill and Other Intangible Assets:
The following table summarizes the changes in the carrying amount of goodwill for the nine months ended September 30, 2023:
Information related to the Company’s other intangibles, net is as follows:
Customer relationships are amortized over thirteen years. Vendor relationships are amortized between and fifteen years. Trade name is amortized over fifteen years.
During the three months ended September 30, 2023 and 2022, the Company recognized total amortization expense for other intangibles, net of $0.5 million and $0.3 million, respectively. During the nine months ended September 30, 2023 and 2022, the Company recognized total amortization expense for other intangibles, net of $1.5 million and $0.7 million, respectively.
Estimated future amortization expense of the Company’s other intangibles, net as of September 30, 2023 is as follows:
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