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Acquired Intangible Assets
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets
Acquired Intangible Assets
The Company accounts for intangible assets in accordance with FASB ASC 350, Goodwill and Other Intangible Assets, which requires that intangibles with indefinite useful lives be tested annually for impairment, or when management deems there is a triggering event, and those with finite useful lives be amortized over their useful lives.
Details of the Company’s intangible assets are as follows:
December 31, 2021December 31, 2020
(In thousands)Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Assets eligible for amortization:
Customer lists $4,778 $(4,341)$4,778 $(3,902)
Patent 72 (28)72 (24)
Software 2,844 (1,104)2,844 (731)
Trade Name 190 (22)190 (13)
Other 500 (325)500 (291)
Unamortized intangible assets:
Goodwill14,262 — 14,262 — 
Total intangible assets $22,978 $(6,152)$22,978 $(5,293)
Customer lists are amortized over 7 and 10 years; patents over 18 years, software over 3 years and 7 years, trade name over 20 years and other intangible assets over 15 years. Amortization of intangible assets amounted to $859,000 for the years ended December 31, 2021, and 2020. Estimated future amortization of intangibles is $540,000 in both 2022 and 2023, $498,000 in 2024, $490,000 in 2025, and $342,000 in 2026.