Intangible Assets, Net |
Note 6. Intangible Assets, Net Intangible assets, net, consisted of the following at the dates indicated (amount in thousands): | | | | | | | | | | | | | December 31, 2022 | | | | Gross Carrying | | Accumulated | | Net Carrying | | | | Amount | | Amortization | | Value | | Trade names | | $ | 7,956 | | $ | 1,263 | | $ | 6,693 | | Software development | | | 12,349 | | | 3,029 | | | 9,320 | | Customer relationships | | | 8,180 | | | 2,085 | | | 6,095 | | Agent relationships | | | 5,856 | | | 988 | | | 4,868 | | Know-how | | | 430 | | | 147 | | | 283 | | | | $ | 34,771 | | $ | 7,512 | | $ | 27,259 | |
| | | | | | | | | | | | December 31, 2021 | | | Gross | | | | | | | | | Carrying | | Accumulated | | Net Carrying | | | Amount | | Amortization | | Value | Trade names | | $ | 6,326 | | $ | (454) | | $ | 5,872 | Software development | | | 9,017 | | | (1,095) | | | 7,922 | Customer relationships | | | 8,180 | | | (897) | | | 7,283 | Agent relationships | | | 3,030 | | | (233) | | | 2,797 | Know-how | | | 430 | | | (61) | | | 369 | | | $ | 26,983 | | $ | (2,740) | | $ | 24,243 |
As of December 31, 2022, the estimated future amortization expense for definite-lived intangible assets will be (amount in thousands): | | | | Years Ended December 31, | | | | 2023 | | $ | 5,176 | 2024 | | | 5,048 | 2025 | | | 4,809 | 2026 | | | 4,174 | 2027 | | | 3,173 | Thereafter | | | 4,879 | Total | | $ | 27,259 |
Amortization expense for purchased and capitalized software included in technology and development expense was approximately $2.2 million and $0.9 million for the years ended December 31, 2022 and 2021, respectively.
|