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Acquired Intangible Assets | 12 Months Ended
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Dec. 31, 2023
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, 2023 |  | December 31, 2022
(In thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Assets eligible for amortization: |  |  |  |  |  |  |
Customer lists | $ | 6,470 |  |  | $ | (4,851) |  |  | $ | 6,470 |  |  | $ | (4,561) |
Patent | 72 |  |  | (36) |  |  | 72 |  |  | (32) |
Software | 3,212 |  |  | (1,933) |  |  | 3,212 |  |  | (1,508) |
Trade Name | 373 |  |  | (70) |  |  | 373 |  |  | (42) |
Other | 500 |  |  | (392) |  |  | 500 |  |  | (358) |
Unamortized intangible assets: |  |  |  |  |  |  |
Goodwill | 17,309 |  |  | — |  |  | 17,309 |  |  | — |
Total intangible assets | $ | 27,936 |  |  | $ | (7,282) |  |  | $ | 27,936 |  |  | $ | (6,501) |
Customer lists are amortized over 7 to 10 years; patents over 18 years, software over 3 years to 7 years, trade name over 10 years to 20 years and other intangible assets over 15 years. Amortization of intangible assets amounted to $780,000 and $680,000 for the years ended December 31, 2023, and 2022, respectively. Estimated future amortization of intangibles is $738,000 in 2024, $730,000 in 2025, $582,000 in 2026, $262,000 in 2027, and $253,000 in 2028.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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