Intangible Assets

12 Months Ended

Dec. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Note 11 – Intangible Assets

Intangible assets as of December 31, 2021 and 2020, consisted of the following:


	2021							2020
(In thousands)	Gross Value		Accumulated Amortization			Net Value		Gross Value		Accumulated Amortization			Net Value
Customer relationships	$	20,796	$	(9,906	)	$	10,890	$	21,123	$	(8,055	)	$	13,068
Developed technology		8,200		(3,683	)		4,517		8,200		(2,546	)		5,654
Licensed technology		5,900		(2,486	)		3,414		5,900		(1,830	)		4,070
Supplier relationships		—		—			—		2,800		(2,800	)		—
Licensing agreements		560		(225	)		335		560		(152	)		408
Patents		500		(363	)		137		500		(294	)		206
Trade names		210		(210	)		—		210		(146	)		64
Total	$	36,166	$	(16,873	)	$	19,293	$	39,293	$	(15,823	)	$	23,470

The Company evaluates the carrying value of intangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and the undiscounted cash flows estimated to be generated by the asset are less than the asset’s carrying value. No impairment losses of intangible assets were recorded during the year ended December 31, 2021, 2020 and 2019.

Amortization expense was $4.1 million, $4.4 million and $5.3 million for the years ended December 31, 2021, 2020 and 2019, respectively, and was included in cost of revenue, selling, general and administrative expenses and research and development expenses in the Consolidated Statements of (Loss) Income.

As of December 31, 2021, estimated future amortization expense of intangible assets was as follows:


(In thousands)	Amount
2022	$	3,475
2023		3,323
2024		3,229
2025		3,025
2026		1,986
Thereafter		4,255
Total	$	19,293