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GOODWILL AND OTHER INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2021
GOODWILL AND OTHER INTANGIBLES  
Summary of intangible assets

The following table provides the summary of the Company’s intangible assets as of December 31, 2021.

Weighted-

 

Average

 

Gross

 

Remaining

 

Carrying

 

Accumulated

 

Net Carrying

 

Life (in

    

Amount

    

Amortization

    

Amount

    

years)

Acquired patents

$

10,000

$

(25)

$

9,975

 

11.0

Summary of future amortization expense

The following table summarizes the estimated future amortization expense to be recognized over the next years and periods thereafter:

    

December 31,

 

(In thousands)

2022

$

908

2023

 

908

2024

 

911

2025

 

908

2026

 

908

Thereafter

 

5,432

Total future amortization expense

$

9,975