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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS The following table summarizes acquired intangible assets at December 31 as follows:
|  |  | 2022 |  | 2021
(In thousands) | Weighted Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Patents | 11 years |  | $ | 2,146 |  |  | $ | 2,066 |  |  | $ | 2,146 |  |  | $ | 1,979 |
Non-compete Agreement | 4 years |  | 11,082 |  |  | 11,052 |  |  | 11,082 |  |  | 10,592 |
Trade Names | 10 years |  | 11,402 |  |  | 9,350 |  |  | 11,447 |  |  | 8,518 |
Completed and Unpatented Technology | 9 years |  | 47,855 |  |  | 34,877 |  |  | 47,932 |  |  | 30,441 |
Customer Relationships | 15 years |  | 142,133 |  |  | 77,996 |  |  | 142,276 |  |  | 69,033 |
Total Intangible Assets | 12 years |  | $ | 214,618 |  |  | $ | 135,341 |  |  | $ | 214,883 |  |  | $ | 120,563 |
Amortization is computed on the straight line method for financial reporting purposes. Amortization expense for intangibles was $14.9 million, $15.4 million and $17.1 million for 2022, 2021 and 2020, respectively. Based upon acquired intangible assets at December 31, 2022, amortization expense for each of the next five years is estimated to be:
(In thousands) |
2023 | $ | 13,878 |
2024 | $ | 12,856 |
2025 | $ | 10,935 |
2026 | $ | 9,533 |
2027 | $ | 7,825 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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