Intangible Assets, Net and Goodwill

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 3 — INTANGIBLE ASSETS, NET AND GOODWILL

INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

(in thousands)	June 30, 2023		December 31, 2022		June 30, 2022
Intangible assets with definite lives:
Patents and purchased technology	$	14,198	$	14,198	$	14,198
Customer relationships	23,000		23,000		23,000
Gross carrying amount	37,198		37,198		37,198
Accumulated amortization:
Patents and purchased technology	(14,198)		(14,198)		(14,198)
Customer relationships	(21,488)		(20,663)		(19,838)
Accumulated amortization	(35,686)		(34,861)		(34,036)
Net carrying amount	1,512		2,337		3,162
Intangible assets with indefinite lives	79,221		79,221		97,921
Intangible assets, net	$	80,733	$	81,558	$	101,083

Amortization expense for intangible assets subject to amortization was $0.4 million for the three months ended June 30, 2023 and 2022, and was $0.8 million for the six months ended June 30, 2023 and 2022.

The following table presents the remaining estimated annual amortization expense of intangible assets with definite lives for the years 2023 through 2028:

(in thousands)
2023	$	825
2024	687
2025	—
2026	—
2027	—
2028	—

GOODWILLThere have been no changes to the Company's goodwill as described in Note 6 in Part II, Item 8 of the Company's Annual Report on Form 10-K for the year ended December 31, 2022.