Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Amortization is computed using the straight-line method over the following estimated useful lives:

Intellectual property	30 years
Customer relationships	14 years

Our intangible assets consist of the following:

	June 30, 2022		December 31, 2021
Definite-lived intangible assets	(in thousands)
Intellectual property	$	6,295	$	6,479
Customer relationships	47,547		48,684
Less:  Accumulated amortization	(2,004)		(208)
Total, net	51,838		54,955
Indefinite-lived intangible assets
Trademarks	14,571		15,166
Total intangible assets, net	$	66,409	$	70,121

Schedule of Amortization Expense

Amortization expense recorded in cost of sales is as follows:

	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
	(in thousands)
Amortization expense	$	901	$	—	$	1,796	$	38