Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.22.2.2
Intangible Assets, Net
9 Months Ended
Sep. 30, 2022
Intangible Assets, Net  
Intangible Assets, Net

Note 5. Intangible Assets, Net

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

    

September 30, 2022

Gross Carrying

Accumulated

Net Carrying

    

Amount

    

Amortization

    

Value

Trade names

$

7,915

(1,023)

$

6,892

Software development

 

11,662

 

(2,472)

 

9,190

Customer relationships

8,180

(1,781)

6,399

Agent relationships

 

5,856

 

(695)

 

5,161

Know-how

430

(125)

304,578

$

34,043

$

(6,096)

$

27,947

    

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 September 30, 2022 was as follows (amounts in thousands):

Years Ending December 31,

    

    

2022 (remaining)

$

1,425

2023

 

5,093

2024

 

4,965

2025

 

4,687

2026

 

3,931

Thereafter

7,846

Total

$

27,947

During the three months ended September 30, 2022 and 2021, aggregate amortization expense for intangible assets was $1.2 million and $0.9 million, respectively, of which $0.5 million and $0.3 million, respectively, was included in technology and development expense. During the nine months ended September 30, 2022 and 2021, aggregate amortization expense for intangible assets was $3.4 million and $1.7 million, respectively, of which $1.6 million and $0.7 million, respectively, was included in technology and development expense.