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Intangible Assets | 6 Months Ended
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Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible Assets | Note 8. Intangible Assets The following is a summary of the Company’s acquired intangible as sets (dollars in thousands):
|  | June 30, 2022 |
|  | Weighted average amortization period (in years) |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Market related intangibles |  | 5 |  | $ | 1,820 |  |  | $ | 625 |  |  | $ | 1,195 |
Customer relationships |  | 7 |  |  | 13,780 |  |  |  | 5,584 |  |  |  | 8,196 |
Developed technologies |  | 11 |  |  | 4,380 |  |  |  | 1,085 |  |  |  | 3,295 |
Covenants to non-compete |  | 2 |  |  | 115 |  |  |  | 85 |  |  |  | 30 |
Total intangible assets, net |  |  |  | $ | 20,095 |  |  | $ | 7,379 |  |  | $ | 12,716 |
|  | 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 |
Estimated annual amortization of intangible assets for the next five years and thereafter is shown in the foll owing table (in thousands):
|  | Estimated future amortization |
2022 (remaining six months) |  | $ | 1,513 |
2023 |  | $ | 2,969 |
2024 |  | $ | 2,968 |
2025 |  | $ | 2,958 |
2026 |  | $ | 557 |
Thereafter |  | $ | 1,751 |
Total |  | $ | 12,716 |
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 $0.8 million for each of the three months ended June 30, 2022 and 2021 and $1.5 million for each of the six months ended June 30, 2022 and 2021.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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- References No definition available. + Details
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