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Intangible Assets
12 Months Ended
Dec. 31, 2021
Intangible Assets  
Intangible Assets

Note 7 – Intangible Assets

Intangible asset activity for the two years ended December 31, 2021 is detailed in the following table;

    

in thousands

    

Acquired Technology

    

Customer Relationships

    

              Other              

    

Total Intangible Assets

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

Additions

 

15

20

 

35

Disposals

(21)

(21)

Net foreign currency translation

 

2

(46)

(8)

 

(52)

Amortization expense

 

(1,541)

(3,993)

(354)

 

(5,888)

Net balance at December 31, 2021

$

753

$

19,161

$

1,356

$

21,270

December 31, 2021 balance at cost

$

43,034

$

39,814

$

13,549

$

96,397

Accumulated amortization

 

(42,281)

 

(20,653)

 

(12,193)

 

(75,127)

Net balance at December 31, 2021

$

753

$

19,161

$

1,356

$

21,270

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

Expected amortization of the intangible assets for the years ended:

December 31, 2022

    

$

4,678

December 31, 2023

 

4,049

December 31, 2024

 

4,046

December 31, 2025

 

3,046

December 31, 2026

 

2,327

Thereafter

 

2,368

Subject to amortization

 

20,514

Trademarks

 

756

Total intangible assets

$

21,270