Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.22.1
Intangible Assets, Net
3 Months Ended
Mar. 31, 2022
Intangible Assets, Net  
Intangible Assets, Net

Note 5. Intangible Assets, Net

Intangible assets, net consisted of the following (amounts in thousands):

    

March 31, 2022

    

    

    

Gross Carrying

Accumulated

Net Carrying

Amount

Amortization

Value

Trade names

$

7,393

$

(613)

$

6,780

Software development

 

9,831

 

(1,508)

 

8,323

Customer relationships

8,180

(1,200)

6,980

Agent relationships

 

5,576

 

(328)

 

5,248

Know-how

430

(83)

347

$

31,410

$

(3,732)

$

27,678

    

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

Estimated future amortization intangible assets as of March 31, 2022 was as follows (amounts in thousands):

Years Ending December 31,

    

    

2022 (remaining)

$

6,763

2023

 

4,083

2024

 

3,969

2025

 

3,734

2026

 

3,188

Thereafter

5,941

Total

$

27,678

The aggregate amortization expense for intangible assets was $1.0 million and $0.1 million, of which $0.5 million and $0.1 million was included in technology and development expense for the three months ended March 31, 2022 and 2021, respectively.