GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 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 nine months ended September 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		(2,523)
September 30, 2022	$	181,774

The composition of intangible assets was as follows:



		September 30, 2022
(In thousands)	Weighted Average Amortization Period (in years)	Gross ‎Carrying ‎Amount		Accumulated ‎Amortization		Intangible ‎Assets, ‎net
Supplier network	10.0	$	4,000	$	(3,167)	$	833
Customer relationships & other intangibles	6.4		49,640		(37,864)		11,776
Developed technology	8.0		71,401		(34,983)		36,418
Patents	16.0		8,618		(3,588)		5,030
Total intangible assets		$	133,659	$	(79,602)	$	54,057



		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 September 30, 2022:


(In thousands)	Annual ‎Amortization
Remaining 2022	$	4,359
2023		15,601
2024		13,101
2025		8,815
2026		5,371
Thereafter		6,810
Total	$	54,057