Identifiable Intangible Assets from Acquisitions

12 Months Ended

Dec. 31, 2023

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, 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
Trade names		734		(613	)		(121	)		—
Total identifiable intangible assets from acquisitions	$	26,530	$	(18,981	)	$	(4,959	)	$	2,590


	As of December 31, 2023
(In Thousands)	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Customer relationships	$	13,018	$	(9,588	)	$	(3,430	)	$	—
Technologies		9,369		(7,839	)		(1,062	)		468
Non-compete agreements		3,409		(2,929	)		(346	)		134
Trade names		734		(613	)		(121	)		—
Total identifiable intangible assets from acquisitions	$	26,530	$	(20,969	)	$	(4,959	)	$	602

Amortizable intangible assets are amortized on a straight-line basis over their useful lives. Customer relationships, acquired technologies, trade names, 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, 2022 and 2023 was approximately $2.1 million and $2.0 million, respectively. The entire remaining net carrying amount of acquired identifiable intangible assets subject to amortization as of December 31, 2023, will be fully amortized within the next year, resulting in estimated amortization expense of $0.6 million in 2024.