Identifiable Intangible Assets from Acquisitions

12 Months Ended

Dec. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Identifiable Intangible Assets from Acquisitions

Note 9: Identified Intangible Assets

Identifiable intangible assets from acquisitions consisted of the following:

	As of December 31, 2021
(In Thousands)	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	)		0
Total identifiable intangible assets from acquisitions	$	26,530	$	(16,857	)	$	(4,959	)	$	4,714

	As of December 31, 2022
(In Thousands)	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Customer relationships	$	13,018	$	(8,202	)	$	(3,430	)	$	1,386
Technologies		9,369		(7,372	)		(1,062	)		935
Non-compete agreements		3,409		(2,794	)		(346	)		269
Tradenames		734		(613	)		(121	)		0
Total identifiable intangible assets from acquisitions	$	26,530	$	(18,981	)	$	(4,959	)	$	2,590

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. Aggregate amortization expense incurred by the Company for the year ended December 31, 2021 and 2022 was approximately $4.5 million and $2.1 million, respectively. Based upon the current amount of acquired identifiable intangible assets subject to amortization, the estimated amortization expense is as follows: $2.0 million in 2023 and $602,000 in 2024.