Schedule of Intangible Assets Activity Summary - Indefinite-lived |
Intangible assets, net, are summarized as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Amortized intangible assets | | | | | | | | Patents and know-how | $ | 10,575 | | $ | (8,662) | | $ | 1,913 | | | $ | 10,320 | | $ | (8,488) | | $ | 1,832 | | Licenses | 1,000 | | (129) | | 871 | | | 1,000 | | (104) | | 896 | | Customer and supplier relationships | 7,659 | | (1,912) | | 5,747 | | | 7,659 | | (1,147) | | 6,512 | | Tradenames and trademarks | 8,553 | | (6,137) | | 2,416 | | | 2,937 | | (1,850) | | 1,087 | | Total amortized intangible assets | $ | 27,787 | | $ | (16,840) | | $ | 10,947 | | | $ | 21,916 | | $ | (11,589) | | $ | 10,327 | | | | | | | | | | Unamortized intangible assets: | | | | | | | | Tradenames and trademarks | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | Patents in Process | 73 | | | 73 | | | 291 | | | 291 | | Total intangible assets | $ | 28,868 | | | $ | 12,028 | | | $ | 23,215 | | | $ | 11,626 | |
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Schedule of Estimated Future Amortization Expense for Intangible Assets |
Expected future amortization of intangible assets as of June 30, 2025, is as follows (in thousands): | | | | | | Year ending December 31, | Estimated Amortization Expense | 2025 (excluding the six months ended June 30, 2025) | $ | 3,394 | | 2026 | 1,790 | | 2027 | 1,790 | | 2028 | 1,787 | | 2029 | 631 | | Thereafter | 1,555 | | Total amortized intangible assets | $ | 10,947 | |
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