Company: MCW
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024533
Chunk: 76

Company: Mister Car Wash, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 76
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 and building of one of these locations based on the agreed upon sales price. There were no impairments recognized in 2023. In December 2022, we recorded $6,252 of impairment losses primarily related to the land and building of two locations, using independent third-party appraisals to determine the change in market values. These losses are recorded in (gain) loss on sale of assets, net on the consolidated statements of operations.

5. Other Intangible Assets, NetOther intangibles assets, net consisted of the following as of the periods presented:

        December 31, 2024

        December 31, 2023

        Gross Carrying Amount

        Accumulated Amortization

        Gross Carrying Amount

        Accumulated Amortization

        Trade names and trademarks
        $
        107,000

        $
        —

        $
        107,000

        $
        —

        CPC unity system
         
        42,900

        42,900

        42,900

        40,040

        Customer relationships
         
        9,700

        7,019

        9,700

        6,430

        Covenants not to compete
         
        13,230

        10,404

        13,230

        8,693

        Other intangible assets, net
        $
        172,830

        $
        60,323

        $
        172,830

        $
        55,163

      The weighted average amortization period for CPC Unity System, customer relationships, and covenants not to compete are 10.0 years, 7.0 years and 6.3 years, respectively.Amortization expense for finite-lived intangible assets was $5,160, $6,772 and $7,874 for the years ended December 31, 2024, 2023 and 2022, respectively. 

48 

As of December 31, 2024, estimated future amortization expense was as follows:

        Fiscal Year Ending:

        2025
         
        $
        1,827

        2026

        1,585

        2027

        758

        2028

        433

        2029

        310

        Thereafter

        594

        Total estimated future amortization expense