Acquired Intangible Assets

9 Months Ended

Sep. 30, 2022

Acquired Intangible Assets [Abstract]

Note 7. Acquired Intangible Assets

Acquired identifiable intangible assets consist of the following:

	September 30, 2022			December 31, 2021
	(In thousands)
Customer relationships	$	155,932		$	157,020
Patents, developed technology and intellectual property		14,123			14,123
Trademarks and trade names		8,880			8,880
Non-compete agreements		3,280			3,280
Supply agreements		800			800
Leaseholds		160			160
Total acquired intangible assets		183,175			184,263
Less accumulated amortization (1)		(85,005	)		(78,932	)
Net acquired intangible assets	$	98,170		$	105,331

(1)

Applies to all intangible assets, except for trademarks and trade names totaling $2.6 million, which have indefinite useful lives and, as such, are not being amortized.

Total amortization expense for acquired intangible assets was $2.1 million and $6.4 million for the three months and nine months ended September 30, 2022, respectively, and $2.4 million and $6.5 million for the comparable periods in 2021. Based on the current estimated useful lives assigned to our intangible assets, amortization expense is estimated to be $2.2 million for the remainder of 2022, $8.3 million in 2023, $8.3 million in 2024, $8.3 million in 2025 and $68.5 million in the aggregate for the years 2026 through 2041.