Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Note 6. Intangible Assets

The following is a summary of the Company’s acquired intangible assets (dollars in thousands):

	Weighted average amortization period (years)		Gross carrying amount		Accumulated amortization		Intangibles, net
June 30, 2020
Customer relationships		10	$	4,830	$	1,962	$	2,868
Developed technologies		9		1,080		473		607
Tradename		3		120		120		—
Total intangible assets, net			$	6,030	$	2,555	$	3,475


December 31, 2019
Customer relationships		10	$	4,830	$	1,720	$	3,110
Developed technologies		9		1,080		406		674
Tradename		3		120		107		13
Total intangible assets, net			$	6,030	$	2,233	$	3,797

The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table (in thousands):

	Estimated future amortization
2020 (remaining six months)	$	308
2021		598
2022		563
2023		563
2024		563
Thereafter		880
Total	$	3,475

Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, and asset impairments, among other factors. Amortization expense was $157,000 and $164,000 for the three months ended June 30, 2020 and 2019, respectively, and $322,000 and $328,000 for the six months ended June 30, 2020 and 2019, respectively.