Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

(4)	Goodwill and Intangible Assets

There were no changes to the Company’s goodwill balance during the years ended December 31, 2020 and 2019.

The following is a summary of the Company’s acquired intangible assets as of December 31 (dollars in thousands):


2020	Weighted average amortization period (years)		Gross carrying amount		Accumulated amortization		Intangibles, net
Customer relationships		10	$	4,830	$	2,203	$	2,627
Developed technologies		9		1,080	$	539		541
Tradename		3		120	$	120		—

Total			$	6,030	$	2,862	$	3,168


2019
Customer relationships		10	$	4,830	$	1,720	$	3,110
Developed technologies		9		1,080		406		674
Tradename		3		120		107		13

Total			$	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 (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) (in thousands):


	Estimated future amortization
2021	$	598
2022		563
2023		563
2024		563
2025		551
Thereafter		330

Total	$	3,168

Amortization expense was $0.6 million and $0.7 million for the years ended December 31, 2020 and 2019, respectively.