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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 2. Goodwill and Intangible Assets The change in the carrying amount of goodwill for the three months ended March 31, 2022 was as follows (in thousands): ​
​ | ​ | ​ | ​
Balance as of January 1, 2022 |  | $ | 2,143
Foreign currency translation adjustment | ​ |  | (1)
Balance as of March 31, 2022 | ​ | $ | 2,142
​ The fair value measurement of goodwill for the Agility segment was classified within Level 3 of the fair value hierarchy because the Company used the income approach, which utilizes significant inputs that are unobservable in the market and the market multiple approach which utilizes comparable entities to further validate the carrying values. The Company believes it made reasonable estimates and assumptions to calculate the fair value of the reporting unit as of the impairment test measurement date. The carrying value of Goodwill was $2.1 million as of March 31, 2022, and December 31, 2021. Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Company Acquired Intangible Assets | ​ | Capitalized Developed Software | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Capitalized | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Trademarks | ​ | ​ | ​ | ​ | Media | ​ | Capitalized | ​ | Developed | ​ | ​ | ​
​ |  | Developed |  | Customer |  | and | ​ | ​ | ​ | ​ | Contact | ​ | Developed | ​ | Software - in | ​ | ​ | ​
​ |  | technology |  | relationships |  | tradenames |  | Patents |  | Database |  | Software |  | Progress |  | Total
Gross carrying amounts: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ |
Balance as of January 1, 2022 | ​ | $ | 3,169 | ​ | $ | 2,228 | ​ | $ | 880 | ​ | $ | 45 | ​ | $ | 3,648 | ​ | $ | 8,576 | ​ | $ | 635 | ​ | $ | 19,181
Additions | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,389 | ​ | ​ | 1,389
Transfers | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,265 | ​ | ​ | (1,265) | ​ | ​ | -
Foreign currency translation | ​ |  | 24 | ​ |  | 36 | ​ |  | 1 | ​ |  | 1 | ​ |  | (44) | ​ | ​ | 130 | ​ | ​ | (1) | ​ |  | 147
Balance as of March 31, 2022 | ​ | $ | 3,193 | ​ | $ | 2,264 | ​ | $ | 881 | ​ | $ | 46 | ​ | $ | 3,604 | ​ | $ | 9,971 | ​ | $ | 758 | ​ | $ | 20,717
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of January 1, 2022 | ​ | $ | 2,158 | ​ | $ | 1,377 | ​ | $ | 685 | ​ | $ | 34 | ​ | $ | 2,005 | ​ | $ | 2,575 | ​ | $ | - | ​ | $ | 8,834
Amortization expense | ​ | ​ | 79 | ​ | ​ | 47 | ​ | ​ | 14 | ​ | ​ | 1 | ​ | ​ | 91 | ​ | ​ | 365 | ​ | ​ | - | ​ | ​ | 597
Foreign currency translation | ​ | ​ | 20 | ​ | ​ | 22 | ​ | ​ | 1 | ​ | ​ | - | ​ | ​ | (23) | ​ | ​ | 38 | ​ | ​ | - | ​ | ​ | 58
Balance as of March 31, 2022 | ​ | $ | 2,257 | ​ | $ | 1,446 | ​ | $ | 700 | ​ | $ | 35 | ​ | $ | 2,073 | ​ | $ | 2,978 | ​ | $ | - | ​ | $ | 9,489
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net carrying values - March 31, 2022 | ​ | $ | 936 | ​ | $ | 818 | ​ | $ | 181 | ​ | $ | 11 | ​ | $ | 1,531 | ​ | $ | 6,993 | ​ | $ | 758 | ​ | $ | 11,228
​ Amortization expense relating to acquired intangible assets was $0.2 million for the three months ended March 31, 2022. Amortization expense relating to capitalized developed software was $0.4 million for the three months ended March 31, 2022. As of March 31, 2022, estimated future amortization expense for intangible assets was as follows (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amortization
2022 | ​ | $ | 2,199
2023 | ​ |  | 2,630
2024 | ​ |  | 2,228
2025 | ​ |  | 1,456
2026 | ​ |  | 812
Thereafter | ​ |  | 1,903
​ | ​ | $ | 11,228
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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