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Note 14 - Intangible Assets, Net | 6 Months Ended
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Jun. 30, 2023
Notes to Financial Statements |
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 June 30, 2023 and December 31, 2022 (in thousands):
|  | June 30, 2023 |  |  | December 31, 2022 |  |  | June 30, 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 |  |  | $ | (128,366 | ) |  | $ | 96,410 |  |  | $ | 222,200 |  |  | $ | (118,221 | ) |  | $ | 103,979 |  |  |  | 4.8 |
Trademarks |  |  | 57,350 |  |  |  | (34,706 | ) |  |  | 22,644 |  |  |  | 57,100 |  |  |  | (32,921 | ) |  |  | 24,179 |  |  |  | 7.0 |
Technology |  |  | 178,889 |  |  |  | (76,694 | ) |  |  | 102,195 |  |  |  | 170,652 |  |  |  | (71,191 | ) |  |  | 99,461 |  |  |  | 11.6 |
Software |  |  | 11,952 |  |  |  | (10,888 | ) |  |  | 1,064 |  |  |  | 11,556 |  |  |  | (9,671 | ) |  |  | 1,885 |  |  |  | 0.5 |
Total |  | $ | 472,967 |  |  | $ | (250,654 | ) |  | $ | 222,313 |  |  | $ | 461,508 |  |  | $ | (232,004 | ) |  | $ | 229,504 |  |  |  | 8.1 |
Amortization expense for intangible assets was $9.4 million and $18.6 million for the three and six months ended June 30, 2023, respectively, and $9.8 million and $18.8 million for the three and six months ended June 30, 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 |

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