Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The Company had a goodwill balance of $21.9 million at both December 31, 2023 and 2022.

The Company’s intangible assets are comprised of the following (in thousands):


	December 31, 2023
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Developed technologies	$	4,751	$	(4,465)	$	286
Trademarks and trade names	9,513		(7,950)		1,563
Customer relationships	8,500		(7,447)		1,053
Capitalized software development costs	41,275		(17,320)		23,955
Other	2,884		(2,805)		79
Total finite-lived intangible assets	$	66,923	$	(39,987)	26,936
Indefinite-lived intangible assets:
In-process capitalized software development costs					204
Total intangible assets					$	27,140


	December 31, 2022
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Finite-lived intangible assets:
Developed technologies	$	4,534	$	(4,016)	$	518
Trademarks and trade names	9,513		(7,105)		2,408
Customer relationships	8,500		(6,597)		1,903
Capitalized software development costs	40,767		(11,686)		29,081
Other	2,884		(2,225)		659
Total finite-lived intangible assets	$	66,198	$	(31,629)	34,569
Indefinite-lived intangible assets:
In-process capitalized software development costs					6,814
Total intangible assets					$	41,383

Amortization expense for the years ended December 31, 2023 and 2022 was approximately $16.4 million and $20.1 million, respectively, including approximately $14.3 million and $17.9 million related to capitalized software development costs for the years ended December 31, 2023 and 2022, respectively.

For the years ended December 31, 2023 and 2022, the Company recorded $5.2 million and $3.0 million, respectively, of impairment losses on intangible assets related to capitalized software.

The following table represents details of the amortization of finite-lived intangible assets that is estimated to be expensed in the future (in thousands):


2024	$	11,115
2025	6,617
2026	3,151
2027	2,716
2028	2,166
Thereafter	1,171
Total	$	26,936