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Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2024

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):

		June 30, 2024
		Weighted average amortization period (in years)		Gross carrying amount				Accumulated amortization				Net carrying amount
Market related intangibles		5		$	1,820			$	1,304			$	516
Customer relationships		7			13,780				10,130				3,650
Developed technologies		11			4,380				1,795				2,585
Covenants to non-compete		2			115				115				—
Total intangible assets, net				$	20,095			$	13,344			$	6,751

		December 31, 2023
		Weighted average amortization period (in years)		Gross carrying amount				Accumulated amortization				Net carrying amount
Market related intangibles		5		$	1,820			$	1,135			$	685
Customer relationships		7			13,780				8,993				4,787
Developed technologies		11			4,380				1,618				2,762
Covenants to non-compete		2			115				115				—
Total intangible assets, net				$	20,095			$	11,861			$	8,234

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
2024 (remaining six months)		$	1,484
2025			2,958
2026			557
2027			356
Thereafter			1,396
Total		$	6,751

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-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://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

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