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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS  
Summary of intangible assets

Weighted-

 

Average

 

Gross

 

Remaining

 

Carrying

 

Accumulated

 

Net Carrying

 

Life (in

    

Amount

    

Amortization

    

Amount

    

years)

Acquired patents at December 31, 2023

$

10,000

$

(1,842)

$

8,158

9.00

Amortization expense

(226)

(226)

Acquired patents at March 31, 2024

$

10,000

$

(2,068)

$

7,932

 

8.73

Summary of estimated future amortization expense to be recognized

    

(In thousands)

April 1, 2024 through December 31, 2024

684

2025

 

908

2026

 

908

2027

 

908

2028

 

911

Thereafter

 

3,613

Total future amortization expense

$

7,932