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Note 7 - Intangible Assets, Net
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

NOTE 7.

Intangible Assets, Net

 

Intangible assets consist primarily of developed technology and patent licenses acquired from business or asset acquisitions. Acquired intangibles are amortized on a straight-line basis over the respective estimated useful lives of the assets.

 

The carrying values of intangible assets are as follows:

 

                    December 31, 2021  

(in thousands)

    Weighted Average Life (Years)       Weighted Average Remaining Life (Years)       Cost       Accumulated Amortization       Net Book Value  

Developed technology

    4.5       0.9     $ 28,556     $ (22,463 )   $ 6,093  

Patent licenses

    14.0       2.7       1,387       (1,121 )     266  

Non-compete agreements

    2.0       0.6       500       (354 )     146  

Total intangibles subject to amortization

                  $ 30,443     $ (23,938 )     6,505  

Intangible assets not subject to amortization

                                    40  

Total intangible assets, net

                                  $ 6,545  

 

                      December 31, 2020  

(in thousands)

    Weighted Average Life (Years)       Weighted Average Remaining Life (Years)       Cost       Accumulated Amortization       Net Book Value  

Developed technology

    4.4       1.8     $ 27,356     $ (16,152 )   $ 11,204  

Patent licenses

    14.0       3.7       1,387       (1,021 )     366  

Non-compete agreements

    2.0       1.6       500       (104 )     396  

Total intangibles subject to amortization

                  $ 29,243     $ (17,277 )     11,966  

Intangible assets not subject to amortization

                                    40  

Total intangible assets, net

                                  $ 12,006  

 

Intangible assets amortization expenses were $6.7 million, $6.3 million and $6.1 million for the years ended December 31, 20212020 and 2019, respectively, which were recorded in the consolidated statements of operations.

 

As of December 31, 2021, the Company expects amortization expense in future periods to be as follows:

 

      (in thousands)  

2022

  $ 5,063  

2023

    590  

2024

    452  

2025

    240  

2026

    160  

Total expected future amortization expense

  $ 6,505