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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Other 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

 

 

Expected Future Amortization Expense Related to Intangible Assets

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