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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 2. Goodwill and Intangible Assets The change in the carrying amount of goodwill for the six months ended June 30, 2022 was as follows (in thousands): ​
​ | ​ | ​ | ​
Balance as of January 1, 2022 |  | $ | 2,143
Foreign currency translation adjustment | ​ |  | (67)
Balance as of June 30, 2022 | ​ | $ | 2,076
​ 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. 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 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 2,770 | ​ | ​ | 2,770
Transfers | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 1,475 | ​ | ​ | (1,475) | ​ | ​ | -
Foreign currency translation | ​ |  | (76) | ​ |  | (34) | ​ |  | (17) | ​ |  | - | ​ |  | (156) | ​ | ​ | (128) | ​ | ​ | (9) | ​ |  | (420)
Balance as of June 30, 2022 | ​ | $ | 3,093 | ​ | $ | 2,194 | ​ | $ | 863 | ​ | $ | 45 | ​ | $ | 3,492 | ​ | $ | 9,923 | ​ | $ | 1,921 | ​ | $ | 21,531
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of January 1, 2022 | ​ | $ | 2,158 | ​ | $ | 1,377 | ​ | $ | 685 | ​ | $ | 34 | ​ | $ | 2,005 | ​ | $ | 2,575 | ​ | $ | - | ​ | $ | 8,834
Amortization expense | ​ | ​ | 158 | ​ | ​ | 93 | ​ | ​ | 28 | ​ | ​ | 2 | ​ | ​ | 180 | ​ | ​ | 799 | ​ | ​ | - | ​ | ​ | 1,260
Foreign currency translation | ​ | ​ | (51) | ​ | ​ | (23) | ​ | ​ | (11) | ​ | ​ | (1) | ​ | ​ | (90) | ​ | ​ | (45) | ​ | ​ | - | ​ | ​ | (221)
Balance as of June 30, 2022 | ​ | $ | 2,265 | ​ | $ | 1,447 | ​ | $ | 702 | ​ | $ | 35 | ​ | $ | 2,095 | ​ | $ | 3,329 | ​ | $ | - | ​ | $ | 9,873
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net carrying values - June 30, 2022 | ​ | $ | 828 | ​ | $ | 747 | ​ | $ | 161 | ​ | $ | 10 | ​ | $ | 1,397 | ​ | $ | 6,594 | ​ | $ | 1,921 | ​ | $ | 11,658
​ Amortization expense relating to acquired intangible assets was $0.2 million and $0.5 million for the three and six months ended June 30, 2022. Amortization expense relating to capitalized developed software was $0.4 million and $0.8 million for the three and six months ended June 30, 2022. As of June 30, 2022, estimated future amortization expense for intangible assets was as follows (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amortization
2022 | ​ | $ | 627
2023 | ​ | $ | 1,641
2024 | ​ | $ | 1,540
2025 | ​ | $ | 1,277
2026 | ​ | $ | 437
Thereafter | ​ | $ | 6,136
​ | ​ | $ | 11,658
​

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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