GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

GOODWILL AND INTANGIBLE ASSETS [Abstract]

NOTE 9. GOODWILL AND INTANGIBLE ASSETS

The change in the carrying amount of goodwill during the twelve months ended December 31, 2021 and the six months ended June 30, 2022, respectively included the following:



(In thousands)
December 31, 2020	$	156,716
Additions and adjustments		24,251
Foreign exchange		(1,259)
December 31, 2021		179,708
Additions and adjustments		4,589
Foreign exchange		(1,595)
June 30, 2022	$	182,702

The composition of intangible assets was as follows:



		June 30, 2022
(In thousands)	Weighted Average Amortization Period (in years)	Gross ‎Carrying ‎Amount		Accumulated ‎Amortization		Intangible ‎Assets, ‎net
Supplier network	10.0	$	4,000	$	(3,067)	$	933
Customer relationships & other intangibles	6.4		51,422		(37,658)		13,764
Developed technology	8.0		72,086		(32,928)		39,158
Patents	16.0		8,760		(3,484)		5,276
Total intangible assets		$	136,268	$	(77,137)	$	59,131



		December 31, 2021
(In thousands)	Weighted Average Amortization Period (in years)	Gross ‎Carrying ‎Amount		Accumulated ‎Amortization		Intangible ‎Assets, ‎net
Supplier network	10.0	$	4,000	$	(2,867)	$	1,133
Customer relationships & other intangibles	6.4		56,264		(37,842)		18,422
Developed technology	8.0		71,947		(28,545)		43,402
Patents	16.1		8,938		(3,235)		5,703
Total intangible assets		$	141,149	$	(72,489)	$	68,660

The following table summarizes amortization of intangible assets for future periods as of June 30, 2022:


(In thousands)	Annual ‎Amortization
Remaining 2022	$	8,867
2023		15,816
2024		13,203
2025		8,917
2026		5,474
Thereafter		6,854
Total	$	59,131