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Identifiable Intangible Assets from Acquisitions

3 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Identifiable Intangible Assets from Acquisitions

(11) Identifiable Intangible Assets from Acquisitions

Identifiable intangible assets from acquisitions consisted of the following (in thousands):

	As of December 31, 2021
	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Customer relationships	$	13,018	$	(6,679	)	$	(3,430	)	$	2,909
Technologies		9,369		(6,905	)		(1,062	)		1,402
Non-compete agreements		3,409		(2,660	)		(346	)		403
Tradenames		734		(613	)		(121	)	-
Total identifiable intangible assets from acquisition	$	26,530	$	(16,857	)	$	(4,959	)	$	4,714

	As of March 31,2022
	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Customer relationships	$	13,018	$	(7,059	)	$	(3,430	)	$	2,529
Technologies		9,369		(7,022	)		(1,062	)		1,285
Non-compete agreements		3,409		(2,694	)		(346	)	$	369
Tradenames		734		(613	)		(121	)	-
Total identifiable intangible assets from acquisition	$	26,530	$	(17,388	)	$	(4,959	)	$	4,183

Amortizable intangible assets are amortized on a straight-line basis over their useful lives. Customer relationships, acquired technologies, tradenames, and non-compete agreements have a weighted average useful life from date of purchase of 5 years, 3-5 years, 2 years, 1-3 years, respectively. Based upon the current amount of acquired identifiable intangible assets subject to amortization, the estimated remaining amortization expense for the next three years is as follows: $1.6 million in 2022, $2.0 million in 2023, and $602,000 in 2024.