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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Changes in the carrying amount of goodwill consisted of the following:
| Three Months Ended March 31,
| 2022 |  |
| (In thousands)
Beginning balance | $ | 7,470 |  |  |
Acquisition of business | — |  |  |
Impairment losses | — |  |  |
Ending balance | $ | 7,470 |  |  |
The ending balance of goodwill includes no accumulated impairment losses to date. Refer to Note 1 for additional information related to the Printronix acquisition. Other intangible assets, net consisted of the following:
| March 31, 2022
| Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
|  |  | (In thousands)
Patents: |  |  |  |  |  |  |
Intellectual property operations | 6 years |  | $ | 331,403 |  |  | $ | (296,942) |  |  | $ | 34,461 |
Industrial operations | 7 years |  | 3,400 |  |  | (233) |  |  | 3,167 |
Total patents |  |  | 334,803 |  |  | (297,175) |  |  | 37,628 |
Customer relationships - industrial operations | 7 years |  | 5,300 |  |  | (364) |  |  | 4,936 |
Trade name and trademarks - industrial operations | 7 years |  | 3,430 |  |  | (235) |  |  | 3,195 |
Total |  |  | $ | 343,533 |  |  | $ | (297,774) |  |  | $ | 45,759 |
| December 31, 2021
| Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
|  |  | (In thousands)
Patents: |  |  |  |  |  |  |
Intellectual property operations | 6 years |  | $ | 331,403 |  |  | $ | (294,341) |  |  | $ | 37,062 |
Industrial operations | 7 years |  | 3,400 |  |  | (112) |  |  | 3,288 |
Total patents |  |  | $ | 334,803 |  |  | $ | (294,453) |  |  | $ | 40,350 |
Customer relationships - industrial operations | 7 years |  | 5,300 |  |  | (174) |  |  | 5,126 |
Trade name and trademarks - industrial operations | 7 years |  | 3,430 |  |  | (113) |  |  | 3,317 |
Total |  |  | $ | 343,533 |  |  | $ | (294,740) |  |  | $ | 48,793 |
Total other intangible asset amortization expense in the consolidated statements of operations was $3.0 million and $1.9 million for the three months ended March 31, 2022 and 2021, respectively. The Company did not record charges related to the impairment of other intangible assets for the three months ended March 31, 2022 and 2021. There was no accelerated amortization of other intangible assets for the three months ended March 31, 2022 and 2021. During 2021, Acacia reduced its gross patent costs and accumulated amortization by approximately $35.0 million for patents that were fully amortized. Intellectual Property Operations amortization of patents is expensed in cost of revenues and Industrial Operations amortization is expensed in general and administrative expenses. The following table presents the scheduled annual aggregate amortization expense (in thousands):
Years Ending December 31, |
Remainder of 2022 | $ | 9,102 |
2023 | 12,068 |
2024 | 10,692 |
2025 | 8,348 |
2026 | 2,483 |
Thereafter | 3,066 |
Total | $ | 45,759 |
During the year ended December 31, 2021, Acacia accrued certain patent and patent rights acquisition costs, of which $5.0 million is due February 18, 2023. Such amount was included in accrued patent investment costs and other long-term liabilities in the consolidated balance sheets as of March 31, 2022 and December 31, 2021, respectively.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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