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Intangible Assets

12 Months Ended

Dec. 31, 2020

Note 8 – Intangible Assets

Intangible asset activity for the two years ended December 31, 2020 is detailed in the following table;



in thousands	Acquired Technology		Customer Relationships		Other		Total Intangible Assets
Net balance at December 31, 2018	$	8,795	$	30,408	$	6,259	$	45,462
Net foreign currency translation		120		118		(21)		217
Amortization expense		(3,461)		(3,642)		(2,367)		(9,470)
Net balance at December 31, 2019		5,454		26,884		3,871		36,209
Additions		46		—		87		133
Disposals		—		—		(58)		(58)
Net foreign currency translation		53		(58)		39		34
Amortization expense		(3,276)		(3,626)		(2,220)		(9,122)
Net balance at December 31, 2020	$	2,277	$	23,200	$	1,719	$	27,196

December 31, 2020 balance at cost	$	43,546	$	39,946	$	13,593	$	97,085
Accumulated amortization		(41,269)		(16,746)		(11,874)		(69,889)
Net balance at December 31, 2020	$	2,277	$	23,200	$	1,719	$	27,196

Certain intangible assets are denominated in local currencies and are subject to currency fluctuations.

As a result of the Company rebranding, the values of certain intangible assets were written down during the second quarter of 2018, and impairment charges of $0.5 million were recorded for the year ended December 31, 2018.

Expected amortization of the intangible assets for the years ended:


December 31, 2021	$	5,886
December 31, 2022		4,718
December 31, 2023		4,088
December 31, 2024		4,089
December 31, 2025		3,079
Thereafter		4,600
Subject to amortization		26,460
Trademarks		736
Total intangible assets	$	27,196