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Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Summary of Acquired Intangible Assets

The following is a summary of the Company’s acquired intangible assets (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

Schedule of Estimated Annual Amortization of Intangible Assets

Estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following 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

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- References

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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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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