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Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | INTANGIBLE ASSETS The following table summarizes acquired intangible assets at December 31 as follows:
|  |  | 2020 |  | 2019
(In thousands) | Weighted Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Patents | 11 years |  | $ | 2,146 |  |  | $ | 1,891 |  |  | $ | 2,146 |  |  | $ | 1,804 |
Non-compete Agreement | 4 years |  | 11,082 |  |  | 10,085 |  |  | 11,318 |  |  | 7,696 |
Trade Names | 10 years |  | 11,512 |  |  | 7,537 |  |  | 11,438 |  |  | 6,550 |
Completed and Unpatented Technology | 9 years |  | 48,043 |  |  | 25,766 |  |  | 48,201 |  |  | 21,196 |
Customer Relationships | 15 years |  | 142,478 |  |  | 60,096 |  |  | 142,212 |  |  | 50,776 |
Total Intangible Assets | 12 years |  | $ | 215,261 |  |  | $ | 105,375 |  |  | $ | 215,315 |  |  | $ | 88,022 |
Amortization is computed on the straight line method for financial reporting purposes. Amortization expense for intangibles was $17.1 million, $17.6 million and $19.4 million for 2020, 2019 and 2018, respectively. During 2019 there was a $6.2 million impairment of intangible assets as more fully described in Note 23. The amount is classified within Impairment Loss in the Consolidated Statements of Operations. Based upon acquired intangible assets at December 31, 2020, amortization expense for each of the next five years is estimated to be:
(In thousands) |
2021 | $ | 15,336 |
2022 | $ | 14,904 |
2023 | $ | 13,871 |
2024 | $ | 12,849 |
2025 | $ | 10,929 |

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- Definition The entire disclosure for all or part of the information related to 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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