Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net

v3.23.1
Intangible Assets, Net
12 Months Ended
Dec. 31, 2022
Intangible Assets, Net  
Intangible Assets, Net

Note 6. Intangible Assets, Net

Intangible assets, net, consisted of the following at the dates indicated (amount in thousands):

December 31, 2022

 

Gross Carrying

Accumulated

Net Carrying

 

    

Amount

    

Amortization

    

Value

 

Trade names

 

$

7,956

$

1,263

$

6,693

Software development

 

 

12,349

 

 

3,029

 

9,320

  

Customer relationships

 

 

8,180

 

 

2,085

 

6,095

  

Agent relationships

5,856

988

4,868

Know-how

 

 

430

 

 

147

 

283

  

$

34,771

 

$

7,512

$

27,259

December 31, 2021

Gross

Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Value

Trade names

$

6,326

$

(454)

$

5,872

Software development

 

9,017

(1,095)

7,922

Customer relationships

8,180

(897)

7,283

Agent relationships

3,030

(233)

2,797

Know-how

430

(61)

369

$

26,983

$

(2,740)

$

24,243

As of December 31, 2022, the estimated future amortization expense for definite-lived intangible assets will be (amount in thousands):

Years Ended December 31, 

    

  

2023

$

5,176

2024

 

5,048

2025

 

4,809

2026

 

4,174

2027

3,173

Thereafter

4,879

Total

$

27,259

Amortization expense for purchased and capitalized software included in technology and development expense was approximately $2.2 million and $0.9 million for the years ended December 31, 2022 and 2021, respectively.