Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.24.0.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
INTANGIBLE ASSETS  
Schedule of intangible assets with indefinite lives

Goodwill and other intangibles consisted of the following (in thousands):

    

December 31, 2023

    

December 31, 2022

Qwest:

FAA Certifications

$

724

$

724

Goodwill

 

13,416

 

13,416

ALGS:

 

  

 

  

FAA Certifications

 

710

 

710

Goodwill

 

379

 

379

ACS:

 

  

 

  

Trademarks

 

600

 

600

FAA Certifications

 

7,300

 

7,300

Goodwill

 

63

 

63

ACT:

 

Trademarks

 

200

 

200

FAA Certificates

 

796

 

796

Goodwill

 

6,002

 

6,002

Total intangible assets with indefinite lives

$

30,190

$

30,190

Schedule of intangible assets with definite lives

Intangible assets with definite useful lives are amortized on a straight-line basis over their estimated useful lives. Intangible assets with definite lives are as follows (in thousands):

    

Useful Life

    

    

 In Years

December 31, 2023

December 31, 2022

Qwest:

Customer relationships

10

$

5,163

$

6,136

ALGS:

  

 

 

Customer relationships

10

 

30

 

50

ACS:

  

 

  

 

  

Customer relationships

10

 

1,033

 

1,243

ACT:

  

 

 

Customer relationships

10

 

5,430

 

6,353

Total intangible assets with definite lives

$

11,656

$

13,782

Schedule of amortization expense on finite lived intangible assets

Amortization expense was as follows (in thousands):

Year Ended December 31, 

    

2023

    

2022

    

2021

Amortization expense

$

2,126

$

2,136

$

2,132