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Intangibles
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangibles

(9) Intangibles

Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. No impairment charges were recorded for the years ended December 31, 2020 and 2019.

Patent costs associated with the application and award of patents in the U.S. and various other countries are capitalized and amortized on a straight-line basis over the term of the patents as determined at the award date, which varies depending on the pendency period of the application, generally approximating seventeen years.

Amortization of intangible assets acquired is calculated using the straight-line method over the estimated useful lives of the assets.

 

 

 

Estimated Life

 

December 31,

 

 

December 31,

 

 

 

(years)

 

2020

 

 

2019

 

Capitalized patent costs

 

17-20

 

$

9,708

 

 

$

9,245

 

Intangible assets acquired:

 

 

 

 

 

 

 

 

 

 

Purchased patents and intellectual property

 

3-10

 

 

250

 

 

 

250

 

Existing technology

 

5

 

 

1,560

 

 

 

1,560

 

Customer relationships

 

7

 

 

290

 

 

 

290

 

Backlog

 

2

 

 

 

 

 

760

 

Tradenames

 

3

 

 

 

 

 

290

 

Non-solicitation agreements

 

1

 

 

 

 

 

120

 

Gross intangible assets

 

 

 

 

11,808

 

 

 

12,515

 

Accumulated amortization

 

 

 

 

(5,196

)

 

 

(5,845

)

Intangibles, net

 

 

 

$

6,612

 

 

$

6,670

 

 

Amortization expense on intangible assets was as follows:   

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Amortization expense

 

$

559

 

 

$

567

 

 

For intangible assets recorded at December 31, 2020, the estimated future aggregate amortization expense for the years ending December 31, 2021 through December 31, 2025 is as follows:

 

 

 

Amortization

 

Year ending December 31:

 

Expense

 

2021

 

$

498

 

2022

 

 

483

 

2023

 

 

472

 

2024

 

 

461

 

2025

 

 

443