Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets with finite lives acquired through a business combination are recorded at fair value, less accumulated amortization. Customer relationships and trade-names are amortized on a straight-line basis over their expected useful lives of 15 to 20 years and 5 years, respectively.

Goodwill

There was no change in the carrying amount of goodwill for the six months ended June 30, 2025.

Finite-Lived Intangible Assets

Intangible assets subject to amortization were as follows:


	June 30, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
Customer relationships	$	36,820	$	(6,619)	$	30,201	$	36,820	$	(5,666)	$	31,154
Licenses	18,451		(7,381)		11,070		18,451		(6,919)		11,532
Trade names	1,100		(752)		348		1,100		(642)		458
Total	$	56,371	$	(14,752)	$	41,619	$	56,371	$	(13,227)	$	43,144

For each of the three months ended June 30, 2025 and June 30, 2024, the Company recorded amortization expense on intangible assets of $0.8 million. For each of the six months ended June 30, 2025 and June 30, 2024, the Company recorded amortization expense on intangible assets of $1.5 million.

AdvanSix Inc. 10-Q