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Intangible Assets and Goodwill (Tables)

9 Months Ended

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 following 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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- 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
-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

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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

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