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Identifiable Intangible Assets from Acquisitions
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Identifiable Intangible Assets from Acquisitions

Note 11: Identifiable Intangible Assets from Acquisitions

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. As of December 31, 2024, the net identifiable intangible assets have been fully amortized.

Identifiable intangible assets from acquisitions consisted of the following:

 

 

As of December 31, 2024

 

(In Thousands)

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Impairment

 

 

Net Carrying
Amount

 

Customer relationships

 

$

13,018

 

 

$

(9,588

)

 

$

(3,430

)

 

$

 

Technologies

 

 

9,369

 

 

 

(8,307

)

 

 

(1,062

)

 

 

 

Non-compete agreements

 

 

3,409

 

 

 

(3,063

)

 

 

(346

)

 

 

 

Trade names

 

 

734

 

 

 

(613

)

 

 

(121

)

 

 

 

Total identifiable intangible assets from acquisitions

 

$

26,530

 

 

$

(21,571

)

 

$

(4,959

)

 

$

 

 

 

 

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

 

 

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

 

 

Year Ended December 31,

 

(In Thousands)

 

2024

 

 

2023

 

Components of amortization of intangibles from acquisitions:

 

 

 

 

 

 

       Cost of revenue

 

$

467

 

 

$

467

 

       Sales and marketing

 

 

135

 

 

 

1,520

 

            Total

 

$

602

 

 

$

1,987