Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets (Tables)

v3.26.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Intangible Assets [Abstract]  
Schedule of Components of Intangible Assets

The components of intangible assets, all of which are finite-lived, were as follows:

 

    December 31, 2025     December 31, 2024        
(dollars in thousands)   Gross
Carrying
Amount		     Accumulated
Amortization		     Net
Carrying
Amount		     Gross
Carrying
Amount		     Accumulated
Amortization		     Net
Carrying
Amount		    

Useful
Life

(years)

  
Trademarks   $ 6,930     $ (1,488 )   $ 5,442     $ 3,230     $ (1,099 )   $ 2,131       7 - 10  
FAA waiver     5,930       (2,611 )     3,319       5,930       (2,018 )     3,912       10  
Developed technology    

113,604

       (12,276 )     101,328       27,977       (8,564 )     19,413       3 - 10  
Non-compete agreements     3,521       (37 )     3,484       840       (840 )    
-
       1 - 4  
Other intangible assets     2,040       (749 )     1,291       1,673       (554 )     1,119       3 - 10  
Customer relationships    

23,008

       (982 )    

22,026

       1,010       (407 )     603       5  
    $ 155,033     $ (18,143 )   $ 136,890     $ 40,660     $ (13,482 )   $ 27,178          
Schedule of Expected Amortization Expense Expected amortization expense for intangible assets subject to amortization as of December 31, 2025 is as follows:

(dollars in thousands)

Year ending December 31,

   Expected
Amortization		  
2026   $ 18,700  
2027     18,681  
2028     18,383  
2029     18,223  
2030     16,971  
Thereafter     45,932  
Total   $ 136,890