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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Change in the Carrying Amount of Goodwill | The change in the carrying amount of goodwill was as follows (in thousands):
Goodwill as of December 31, 2020 |  | $ | 3,700 |
Changes in goodwill |  |  | 7,145 |
Goodwill as of December 31, 2021 |  | $ | 10,845 |
Summary of Acquired Intangible Assets | The following is a summary of the Company’s acquired intangible assets as of December 31 (dollars in thousands):
|  | December 31, 2021 |
|  | Weighted average amortization period (in years) |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Market related intangibles |  | 5 |  | $ | 1,820 |  |  | $ | 454 |  |  | $ | 1,366 |
Customer relationships |  | 7 |  |  | 13,780 |  |  |  | 4,447 |  |  |  | 9,333 |
Developed technologies |  | 11 |  |  | 4,380 |  |  |  | 908 |  |  |  | 3,472 |
Covenants to non-compete |  | 2 |  |  | 115 |  |  |  | 57 |  |  |  | 58 |
Total intangible assets, net |  |  |  | $ | 20,095 |  |  | $ | 5,866 |  |  | $ | 14,229 |
|  | December 31, 2020 |
|  | Weighted average amortization period (in years) |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Market related intangibles |  | 3 |  | $ | 120 |  |  | $ | 120 |  |  | $ | — |
Customer relationships |  | 10 |  |  | 4,830 |  |  |  | 2,203 |  |  |  | 2,627 |
Developed technologies |  | 9 |  |  | 1,080 |  |  |  | 539 |  |  |  | 541 |
Total intangible assets, net |  |  |  | $ | 6,030 |  |  | $ | 2,862 |  |  | $ | 3,168 |
Schedule of Estimated Annual Amortization of Intangible Assets | 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 |
2022 |  |  | 3,026 |
2023 |  |  | 2,969 |
2024 |  |  | 2,968 |
2025 |  |  | 2,958 |
2026 |  |  | 557 |
Thereafter |  |  | 1,751 |
Total |  | $ | 14,229 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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