Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 153

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 153
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 under finance lease obligations, was approximately $57.1 million, $54.5 million and $58.3 million for 2024, 2023 and 2022, respectively. Included in these amounts are impairment charges primarily related to sites classified within assets held for sale totaling $4.4 million, $0.8 million and $2.8 million during 2024, 2023 and 2022, respectively.

68 

CROSSAMERICA PARTNERS LPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Note 8. INTANGIBLE ASSETSIntangible assets consisted of the following (in thousands): 

        December 31, 2024

        December 31, 2023

        GrossAmount

        AccumulatedAmortization

        NetCarryingAmount

        GrossAmount

        AccumulatedAmortization

        NetCarryingAmount

        Wholesale fuel supply contracts/rights
         
        $
        194,626

        $
        118,800

        $
        75,826

        $
        234,501

        $
        140,714

        $
        93,787

        Trademarks/licenses

        2,168

        869

        1,299

        2,078

        761

        1,317

        Covenant not to compete

        200

        83

        117

        200

        43

        157

        Total intangible assets
         
        $
        196,994

        $
        119,752

        $
        77,242

        $
        236,779

        $
        141,518

        $
        95,261

      Amortization expense was $18.1 million, $20.7 million and $21.2 million for 2024, 2023 and 2022, respectively. Aggregate amortization expense is expected to be $16.1 million, $14.3 million, $12.4 million, $11.0 million and $11.0 million for 2025, 2026, 2027, 2028 and 2029, respectively.

Note 9. GOODWILLGoodwill consisted of the following (in thousands): 

        WholesaleSegment

        RetailSegment

        Consolidated

        Balance at December 31, 2024 and 2023