Intangible Assets, net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Note H – Intangible Assets, net

The intangible assets gross carrying amount and accumulated amortization were as follows:



	December 31, 2023
	Gross carrying amount		Accumulated amortization		Net carrying amount		Weighted average useful life in years
Finite-lived intangible assets:
Customer relationships	$	39,824	$	(6,181)	$	33,643	21
Technology	32,861		(8,833)		24,028		15
Trademarks	3,172		(1,684)		1,488		9

Internal-use software licenses	3,256		(1,811)		1,445		4
In-process internal-use software	2,081		—		2,081
Indefinite-lived intangible assets:
Cosmos Tradename	300		—		300
IPR&D	—		—		—
Total intangible assets	$	81,494	$	(18,509)	$	62,985



	December 31, 2022
	Gross carrying amount		Accumulated amortization		Net carrying amount		Weighted average useful life in years
Finite-lived intangible assets:
Customer relationships	$	39,593	$	(4,037)	$	35,556	21
Technology	30,954		(5,012)		25,942		13
Trademarks	3,172		(1,278)		1,894		7
Internal-use software licenses	2,387		(920)		1,467		3
Indefinite-lived intangible assets:
Cosmos Tradename	300		—		300
IPR&D	1,712		—		1,712
Total intangible assets	$	78,118	$	(11,247)	$	66,871

There was no impairment recognized related to intangible assets during the year ended December 31, 2023. During the year ended December 31, 2022, the Company recognized impairment expense of $96.6 million, of which $30.9 million related to intangible assets within the Mission Solutions reporting unit. Please refer to Note T – Impairment Expense for additional information related to this impairment.

The table below presents the amortization expense related to intangible assets for the following periods:



	Year Ended
	December 31, 2023		December 31, 2022
Amortization expense	$	7,212	$	7,963

The table below presents the future amortization expense on intangible assets as of December 31, 2023:


Year	Total
2024	$	6,816
2025	5,968
2026	5,465
2027	5,111
2028	4,743
Thereafter	32,501
Total future amortization expense on intangible assets	$	60,604