Identifiable Intangible Assets from Acquisitions

6 Months Ended

Jun. 30, 2023

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, 2022
	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	)	-
Total identifiable intangible assets from acquisition	$	26,530	$	(18,981	)	$	(4,959	)	$	2,590


	As of June 30, 2023
	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Customer relationships	$	13,018	$	(8,963	)	$	(3,430	)	$	625
Technologies		9,369		(7,606	)		(1,062	)		701
Non-compete agreements		3,409		(2,861	)		(346	)	$	202
Tradenames		734		(613	)		(121	)	-
Total identifiable intangible assets from acquisition	$	26,530	$	(20,043	)	$	(4,959	)	$	1,528

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 two years is as follows: $926,000 million in 2023 and $602,000 in 2024.