| 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.
|