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Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible Assets | Note 11 – Intangible Assets Intangible assets as of December 31, 2022 and 2021, consisted of the following:
|  |  |  | 2022 |  |  | 2021 |
(In thousands) | Weighted Average Useful Life (in years) |  |  | Gross Value |  |  | Accumulated Amortization |  |  | Net Value |  |  | Gross Value |  |  | Accumulated Amortization |  |  | Net Value |
Customer relationships |  | 10.9 |  |  | $ | 55,517 |  |  | $ | (12,772 | ) |  | $ | 42,745 |  |  | $ | 20,796 |  |  | $ | (9,906 | ) |  | $ | 10,890 |
Backlog |  | 1.6 |  |  |  | 55,782 |  |  |  | (22,725 | ) |  |  | 33,057 |  |  |  | — |  |  |  | — |  |  |  | — |
Developed technology |  | 8.5 |  |  |  | 320,364 |  |  |  | (21,856 | ) |  |  | 298,508 |  |  |  | 8,200 |  |  |  | (3,683 | ) |  |  | 4,517 |
Licensed technology |  | 9.0 |  |  |  | 5,900 |  |  |  | (3,141 | ) |  |  | 2,759 |  |  |  | 5,900 |  |  |  | (2,486 | ) |  |  | 3,414 |
Licensing agreements |  | 8.5 |  |  |  | 560 |  |  |  | (298 | ) |  |  | 262 |  |  |  | 560 |  |  |  | (225 | ) |  |  | 335 |
Patents |  | 7.3 |  |  |  | 500 |  |  |  | (431 | ) |  |  | 69 |  |  |  | 500 |  |  |  | (363 | ) |  |  | 137 |
Trade names |  | 3.0 |  |  |  | 29,066 |  |  |  | (5,255 | ) |  |  | 23,811 |  |  |  | 210 |  |  |  | (210 | ) |  |  | — |
Total |  |  |  | $ | 467,689 |  |  | $ | (66,478 | ) |  | $ | 401,211 |  |  | $ | 36,166 |  |  | $ | (16,873 | ) |  | $ | 19,293 |
As part of the purchase price allocation related to the Business Combination with ADVA, the Company recognized $403.8 million of intangible assets on July 15, 2022. Intangible assets are reviewed for impairment whenever events and circumstances indicate impairment may have occurred. T he Company assessed impairment triggers related to intangible assets during each financial period in 2022, 2021 and 2020. As a result, no quantitative impairment test of long-lived assets was performed as of December 31, 2022, 2021 and 2020, and no impairment losses of intangible assets were recorded during the years ended December 31, 2022, 2021 and 2020. Amortization expense was $47.3 million, $4.1 million and $4.4 million for the years ended December 31, 2022, 2021 and 2020, 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, 2022, estimated future amortization expense of intangible assets was as follows:
(In thousands) |  | Amount |
2023 |  | $ | 82,080 |
2024 |  |  | 57,545 |
2025 |  |  | 46,095 |
2026 |  |  | 42,851 |
2027 |  |  | 41,491 |
Thereafter |  |  | 131,149 |
Total |  | $ | 401,211 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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