Identifiable Intangible Assets from Acquisitions

9 Months Ended

Sep. 30, 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 September 30, 2024
(In Thousands)	Gross Carrying Amount		Accumulated Amortization			Impairment			Net Carrying Amount
Customer relationships	$	13,018	$	(9,588	)	$	(3,430	)	$	—
Technologies		9,369		(8,190	)		(1,062	)		117
Non-compete agreements		3,409		(3,030	)		(346	)		34
Trade names		734		(613	)		(121	)		—
Total identifiable intangible assets from acquisitions	$	26,530	$	(21,421	)	$	(4,959	)	$	151


	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

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 to five years. Based upon the amount of acquired identifiable intangible assets subject to amortization as of September 30, 2024, the remaining net identifiable intangible assets will be fully amortized at the end of fiscal year 2024.

The amortization of intangible assets is separately presented on the Condensed Consolidated Statement of Operations; if these amortization costs were not separately stated, they would be reported as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In Thousands)	2024		2023		2024		2023
Components of amortization of intangibles from acquisitions:
Service costs	$	117	$	117	$	351	$	351
Sales and marketing		34		414		101		1,242
Total	$	151	$	531	$	452	$	1,593