Identifiable Intangible Assets from Acquisitions

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Identifiable Intangible Assets from Acquisitions

Note 11: Identifiable Intangible Assets from Acquisitions

Identifiable intangible assets from acquisitions consisted of the following:


	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


	As of March 31, 2024
(In Thousands)	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Customer relationships	$	13,018	$	(9,588	)	$	(3,430	)	$	—
Technologies		9,369		(7,956	)		(1,062	)		351
Non-compete agreements		3,409		(2,962	)		(346	)		101
Trade names		734		(613	)		(121	)		—
Total identifiable intangible assets from acquisitions	$	26,530	$	(21,119	)	$	(4,959	)	$	452

Intangible assets from acquisitions represent customer relationships, acquired technology, non-competition agreements, and trade names. These assets are determined to have definite lives and are amortized on a straight-line basis over the estimated period over which we expect to realize economic value related to the intangible asset. The amortization periods range from one year to 5 years. Based upon the amount of acquired identifiable intangible assets subject to amortization as of December 31, 2023, the estimated amortization expense for the year ending 2024 is $602.1 thousand.