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INTANGIBLES
12 Months Ended
Dec. 31, 2021
INTANGIBLES [Abstract]  
INTANGIBLES

4. INTANGIBLES

Intangible assets consist of the following:

Dollars in Thousands

December 31, 2021

    

    

Accumulated

    

Net Book

Cost

Amortization

Value

Technology

$

18,990

$

4,273

$

14,717

$

18,990

$

4,273

$

14,717

Dollars in Thousands

December 31, 2020

    

    

Accumulated

    

Net Book

Cost

Amortization

Value

Technology

$

18,990

$

3,323

$

15,667

$

18,990

$

3,323

$

15,667

    

Estimated Useful Life

Technology

 

20

years

Amortization expense for intangible assets was $1.0 million during the years ended December 31, 2021 and 2020. Amortization expense for intangible assets is expected to be $0.9 million for each of the years ending December 31, 2022, 2023, 2024, 2025 and 2026, respectively.