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Intangible Assets and Goodwill (Tables) | 9 Months Ended
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Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Summary of Acquired Intangible Assets | The following is a summary of the Company’s acquired other intangible assets (dollars in thousands):
|  | September 30, 2023 |
|  | Weighted average amortization period (in years) |  | Gross carrying amount |  |  | Accumulated amortization |  |  | Net carrying amount |
Market related intangibles |  | 5 |  | $ | 1,820 |  |  | $ | 1,049 |  |  | $ | 771 |
Customer relationships |  | 7 |  |  | 13,780 |  |  |  | 8,425 |  |  | $ | 5,355 |
Developed technologies |  | 11 |  |  | 4,380 |  |  |  | 1,529 |  |  | $ | 2,851 |
Covenants to non-compete |  | 2 |  |  | 115 |  |  |  | 115 |  |  | $ | — |
Total intangible assets, net |  |  |  | $ | 20,095 |  |  | $ | 11,118 |  |  | $ | 8,977 |
|  | 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 foll owing table (in thousands):
|  | Estimated future amortization |
2023 (remaining three months) |  | $ | 742 |
2024 |  |  | 2,968 |
2025 |  |  | 2,958 |
2026 |  |  | 557 |
2027 |  |  | 356 |
Thereafter |  |  | 1,396 |
Total |  | $ | 8,977 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
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