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Intangibles
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangibles

10. 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 nine months ended September 30, 2021 and 2020.

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

 

September 30,

 

 

December 31,

 

 

 

(years)

 

2021

 

 

2020

 

Capitalized patent costs

 

17-20

 

$

10,082

 

 

$

9,708

 

Intangible assets acquired:

 

 

 

 

 

 

 

 

 

 

Purchased patents and intellectual property

 

3-10

 

 

250

 

 

 

250

 

Existing technology

 

5

 

 

1,560

 

 

 

1,560

 

Customer relationships

 

7

 

 

290

 

 

 

290

 

Gross intangible assets

 

 

 

 

12,182

 

 

 

11,808

 

Accumulated amortization

 

 

 

 

(5,568

)

 

 

(5,196

)

Intangibles, net

 

 

 

$

6,614

 

 

$

6,612