Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 8 – INTANGIBLE ASSETS

The Company’s finite-lived intangible assets as of March 31, 2022 and December 31, 2021 are summarized in the following table.

As of March 31, 2022	Gross Carrying Amount		Accumulated Amortization			Currency Translation		Net Carrying Amount		Remaining Weighted Average Amortization Period
(Dollars in thousands)
Brand name	$	9,000	$	(8,954	)	$	252	$	298	1-2
Technology		15,000		(14,924	)		420		496	2
Customer relationships		167,000		(100,610	)		2,349		68,739	2-7
Total finite-lived intangibles	$	191,000	$	(124,488	)	$	3,021	$	69,533

Year Ended December 31, 2021	Gross Carrying Amount		Accumulated Amortization			Currency Translation		Net Carrying Amount		Remaining Weighted Average Amortization Period
(Dollars in thousands)
Brand name	$	9,000	$	(8,503	)	$	258	$	755	1-2
Technology		15,000		(14,172	)		430	$	1,258	2
Customer relationships		167,000		(95,540	)		3,397	$	74,857	2-7
Total finite-lived intangibles	$	191,000	$	(118,215	)	$	4,085	$	76,870

Amortization expense for these intangible assets was $6.2 million and $6.7 million for the three months ended March 31, 2022 and 2021, respectively. The anticipated annual amortization expense for these intangible assets is $22.1 million for 2022, $20.1 million for 2023 and 2024, $9.9 million for 2025 and $2.6 million for 2026.