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Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible Assets | Note 7. Intangible Assets Other Intangible Assets The following is a summary of the Company’s acquired other intangible assets (dollars in thousands):
|  | June 30, 2023 |
|  | Weighted average amortization period (in years) |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Market related intangibles |  | 5 |  | $ | 1,820 |  |  | $ | 965 |  |  | $ | 855 |
Customer relationships |  | 7 |  |  | 13,780 |  |  |  | 7,857 |  |  | $ | 5,923 |
Developed technologies |  | 11 |  |  | 4,380 |  |  |  | 1,440 |  |  | $ | 2,940 |
Covenants to non-compete |  | 2 |  |  | 115 |  |  |  | 115 |  |  | $ | — |
Total intangible assets, net |  |  |  | $ | 20,095 |  |  | $ | 10,377 |  |  | $ | 9,718 |
|  | 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 six months) |  | $ | 1,484 |
2024 |  |  | 2,968 |
2025 |  |  | 2,958 |
2026 |  |  | 557 |
2027 |  |  | 356 |
Thereafter |  |  | 1,395 |
Total |  | $ | 9,718 |
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 June 30, 2023 and 2022, respectively. Amortization expense was $1.5 million and $1.5 million for the six months ended June 30, 2023 and 2022, respectively. No impairment losses were recorded against the other intangibles during the three months ended June 30, 2023 and 2022. Goodwill No impairment losses were recorded against the goodwill during the three months ended June 30, 2023 and 2022.

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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 -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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