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GOODWILL AND INTANGIBLE ASSETS, NET | 6 Months Ended
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Jun. 30, 2024
GOODWILL AND INTANGIBLE ASSETS, NET | 10. Goodwill and Intangible assets, NET Goodwill The carrying amount of goodwill for the Space Systems reportable segment was $71,020 as of June 30, 2024 and December 31, 2023. Intangible Assets The components of intangible assets consisted of the following as of June 30, 2024 and December 31, 2023:
|  | June 30, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |
Developed Technology |  | $ | 56,365 |  |  | $ | (20,076 | ) |  | $ | 36,289 |
Capitalized software |  |  | 13,728 |  |  |  | (8,733 | ) |  |  | 4,995 |
Customer relationships |  |  | 16,115 |  |  |  | (3,858 | ) |  |  | 12,257 |
Trademarks and tradenames |  |  | 10,103 |  |  |  | (2,201 | ) |  |  | 7,902 |
Backlog |  |  | 3,491 |  |  |  | (3,491 | ) |  |  | — |
Other |  |  | 1,282 |  |  |  | (482 | ) |  |  | 800 |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |  |
In-process Technology |  |  | 2,000 |  |  |  | — |  |  |  | 2,000 |
Total |  | $ | 103,084 |  |  | $ | (38,841 | ) |  | $ | 64,243 |
|  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Finite-Lived Intangible Assets |  |  |  |  |  |  |  |  |
Developed Technology |  | $ | 56,065 |  |  | $ | (16,649 | ) |  | $ | 39,416 |
Capitalized software |  |  | 11,690 |  |  |  | (7,454 | ) |  |  | 4,236 |
Customer relationships |  |  | 16,135 |  |  |  | (3,234 | ) |  |  | 12,901 |
Trademarks and tradenames |  |  | 10,106 |  |  |  | (1,789 | ) |  |  | 8,317 |
Backlog |  |  | 3,491 |  |  |  | (3,366 | ) |  |  | 125 |
Other |  |  | 1,222 |  |  |  | (423 | ) |  |  | 799 |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |  |
In-process Technology |  |  | 2,300 |  |  |  | — |  |  |  | 2,300 |
Total |  | $ | 101,009 |  |  | $ | (32,915 | ) |  | $ | 68,094 |
Amortization expense recorded in the condensed consolidated statements of operations and comprehensive loss during the three and six months ended June 30, 2024 and 2023, respectively consisted of the following:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cost of revenues |  | $ | 1,779 |  |  | $ | 1,778 |  |  | $ | 3,552 |  |  | $ | 3,560 |
Research and development |  |  | 12 |  |  |  | 18 |  |  |  | 23 |  |  |  | 66 |
Selling, general and administrative |  |  | 1,216 |  |  |  | 1,443 |  |  |  | 2,516 |  |  |  | 2,933 |
Total amortization expense |  | $ | 3,007 |  |  | $ | 3,239 |  |  | $ | 6,091 |  |  | $ | 6,559 |
The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2024:
2024 (for the remaining period) |  | $ | 6,712 |
2025 |  |  | 9,894 |
2026 |  |  | 9,736 |
2027 |  |  | 8,750 |
2028 |  |  | 7,760 |
Thereafter |  |  | 19,391 |
Total |  | $ | 62,243 |

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