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Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible Assets | Note 7. Intangible Assets The following is a summary of the Company’s acquired intangible as sets (dollars in thousands):
|  | March 31, 2023 |
|  | Weighted average amortization period (in years) |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Market related intangibles |  | 5 |  | $ | 1,820 |  |  | $ | 880 |  |  | $ | 940 |
Customer relationships |  | 7 |  |  | 13,780 |  |  |  | 7,288 |  |  |  | 6,492 |
Developed technologies |  | 11 |  |  | 4,380 |  |  |  | 1,352 |  |  |  | 3,028 |
Covenants to non-compete |  | 2 |  |  | 115 |  |  |  | 115 |  |  |  | — |
Total intangible assets, net |  |  |  | $ | 20,095 |  |  | $ | 9,635 |  |  | $ | 10,460 |
|  | December 31, 2022 |
|  | Weighted average amortization period (in years) |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Market related intangibles |  | 5 |  | $ | 1,820 |  |  | $ | 795 |  |  | $ | 1,025 |
Customer relationships |  | 7 |  |  | 13,780 |  |  |  | 6,720 |  |  |  | 7,060 |
Developed technologies |  | 11 |  |  | 4,380 |  |  |  | 1,263 |  |  |  | 3,117 |
Covenants to non-compete |  | 2 |  |  | 115 |  |  |  | 114 |  |  |  | 1 |
Total intangible assets, net |  |  |  | $ | 20,095 |  |  | $ | 8,892 |  |  | $ | 11,203 |
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 |
2023 (remaining nine months) |  | $ | 2,226 |
2024 |  |  | 2,968 |
2025 |  |  | 2,958 |
2026 |  |  | 557 |
Thereafter |  |  | 1,751 |
Total |  | $ | 10,460 |
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 $0.7 million and $0.8 million for the three months ended March 31, 2023 and 2022, respectively.

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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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