XML 33 R21.htm IDEA: XBRL DOCUMENT

Note 14 - Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Intangible Assets Disclosure [Text Block]

14.

Intangible assets, net

The following table summarizes our intangible assets comprising of Customer Relationships & Contracts (“CR&C”), Trademarks, Technology and Software as of March 31, 2023 and December 31, 2022 (in thousands):

	*March 31, 2023*							*December 31, 2022*							*March 31, 2023*
	*Gross carrying amount*		*Accumulated impairment and amortization*			*Net book value*		*Gross carrying amount*		*Accumulated impairment and amortization*			*Net book value*		*Weighted average remaining life (years)*
CR&C	$	224,776	$	(123,271	)	$	101,505	$	222,200	$	(118,221	)	$	103,979		5.1
Trademarks		57,350		(33,811	)		23,539		57,100		(32,921	)		24,179		7.2
Technology		178,889		(73,886	)		105,003		170,652		(71,191	)		99,461		11.8
Software		11,754		(10,272	)		1,482		11,556		(9,671	)		1,885		0.8
Total	$	472,769	$	(241,240	)	$	231,529	$	461,508	$	(232,004	)	$	229,504		8.3

Amortization expense for intangible assets was $9.2 million and $9.0 million for the three months ended March 31, 2023 and 2022, respectively.

The following table summarizes the intangible assets which were acquired pursuant to the Acquisition (in thousands):

	Acquired Fair Value		Weighted average life (years)
CR&C		2,576		6.0
Trademarks		250		5.0
Technology		8,237		15.0
Total	$	11,063		12.7