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Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 5 — Intangible Assets

 

in thousands

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

As of June 30, 2022:

 

 

 

 

 

 

 

 

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

 

Developed technology

 

$

12,100

 

 

$

2,017

 

 

$

10,083

 

Customer contracts and related relationship

 

 

2,900

 

 

 

966

 

 

 

1,934

 

Order backlog

 

 

200

 

 

 

200

 

 

 

 

Trade names

 

 

150

 

 

 

75

 

 

 

75

 

Intangible assets subject to amortization

 

 

15,350

 

 

 

3,258

 

 

 

12,092

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

Trademarks

 

 

4,200

 

 

 

 

 

 

4,200

 

Total

 

$

19,550

 

 

$

3,258

 

 

$

16,292

 

 

in thousands

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

As of December 31, 2021:

 

 

 

 

 

 

 

 

 

Definite-lived intangible assets

 

 

 

 

 

 

 

 

 

Developed technology

 

$

12,100

 

 

$

1,008

 

 

$

11,092

 

Customer contracts and related relationship

 

 

2,900

 

 

 

483

 

 

 

2,417

 

Order backlog

 

 

200

 

 

 

100

 

 

 

100

 

Trade names

 

 

150

 

 

 

38

 

 

 

112

 

Intangible assets subject to amortization

 

 

15,350

 

 

 

1,629

 

 

 

13,721

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

Trademarks

 

 

4,200

 

 

 

 

 

 

4,200

 

Total

 

$

19,550

 

 

$

1,629

 

 

$

17,921

 

 

Based on the amount of intangible assets as of June 30, 2022, the expected amortization expense for each of the next five years and thereafter is as follows:

 

in thousands

 

Expected Amortization Expense

 

2022 (remainder)

 

$

1,529

 

2023

 

 

3,021

 

2024

 

 

2,500

 

2025

 

 

2,017

 

2026

 

 

2,017

 

Thereafter

 

 

1,008

 

Total intangible assets

 

$

12,092