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Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4 – Intangible assets

Intangible assets consist of the following (in thousands):

 

Description

 

Weighted
Average
Remaining
Useful
Life in
Years

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

Trademark and tradenames

 

 

2.2

 

 

$

20,565

 

 

$

20,565

 

Accumulated amortization

 

 

 

 

 

(15,210

)

 

 

(12,639

)

Trademark and tradenames, net

 

 

 

 

 

5,355

 

 

 

7,926

 

Developed technology

 

 

3.3

 

 

 

87,593

 

 

 

79,436

 

Accumulated amortization

 

 

 

 

 

(69,712

)

 

 

(59,173

)

Developed technology, net

 

 

 

 

 

17,881

 

 

 

20,263

 

Customer relationships

 

 

5.6

 

 

 

95,348

 

 

 

96,637

 

Accumulated amortization

 

 

 

 

 

(71,722

)

 

 

(65,535

)

Customer relationships, net

 

 

 

 

 

23,626

 

 

 

31,102

 

Intangible assets, net of amortization

 

 

 

 

$

46,862

 

 

$

59,291

 

 

Future amortization of intangible assets is as follows (in thousands):

 

December 31,

 

Amount

 

2023

 

$

15,145

 

2024

 

 

10,848

 

2025

 

 

6,587

 

2026

 

 

5,343

 

2027

 

 

3,917

 

Thereafter

 

 

4,186

 

In process

 

 

836

 

Total

 

$

46,862