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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 9 Months Ended
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Sep. 30, 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:
| Nine Months Ended September 30,
| 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. All goodwill is allocated to our Industrial Operations segment, refer to Note 1 for additional information related to the Printronix acquisition. Other intangible assets, net consisted of the following:
| September 30, 2022
| Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
|  |  | (In thousands)
Patents: |  |  |  |  |  |  |
Intellectual property operations | 6 years |  | $ | 331,403 |  |  | $ | (302,143) |  |  | $ | 29,260 |
Industrial operations | 7 years |  | 3,400 |  |  | (476) |  |  | 2,924 |
Total patents |  |  | 334,803 |  |  | (302,619) |  |  | 32,184 |
Customer relationships - industrial operations | 7 years |  | 5,300 |  |  | (742) |  |  | 4,558 |
Trade name and trademarks - industrial operations | 7 years |  | 3,430 |  |  | (480) |  |  | 2,950 |
Total |  |  | $ | 343,533 |  |  | $ | (303,841) |  |  | $ | 39,692 |
| 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 $2.6 million for the three months ended September 30, 2022 and 2021, respectively, and $9.1 million and $7.1 million for the nine months ended September 30, 2022 and 2021, respectively. The Company did not record charges related to the impairment of other intangible assets for the nine months ended September 30, 2022 and 2021. There was no accelerated amortization of other intangible assets for the nine months ended September 30, 2022 and 2021. During 2021, ARG 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 | $ | 3,035 |
2023 | 12,068 |
2024 | 10,692 |
2025 | 8,348 |
2026 | 2,483 |
Thereafter | 3,066 |
Total | $ | 39,692 |
During 2021, ARG accrued certain patent and patent rights acquisition costs, which amounted to $5.0 million at December 31, 2021 and was included in other long-term liabilities in the consolidated balance sheet. Such amount was fully paid in June 2022.

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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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