Note 7. Intangible Assets and Goodwill Intangible Assets The following is a summary of the Company’s acquired other intangible assets (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
|
Weighted average amortization period (in years) |
|
Gross carrying amount |
|
|
Accumulated amortization |
|
|
Net carrying amount |
|
Market related intangibles |
|
5 |
|
$ |
1,850 |
|
|
$ |
(1,821 |
) |
|
$ |
29 |
|
Customer relationships |
|
7 |
|
|
14,040 |
|
|
|
(13,606 |
) |
|
|
434 |
|
Developed technologies |
|
11 |
|
|
4,430 |
|
|
|
(2,418 |
) |
|
|
2,012 |
|
Covenants to non-compete |
|
2 |
|
|
115 |
|
|
|
(115 |
) |
|
|
— |
|
Licensed technology |
|
3 |
|
|
892 |
|
|
|
(368 |
) |
|
|
524 |
|
Total intangible assets, net |
|
|
|
$ |
21,327 |
|
|
$ |
(18,328 |
) |
|
$ |
2,999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Weighted average amortization period (in years) |
|
Gross carrying amount |
|
|
Accumulated amortization |
|
|
Net carrying amount |
|
Market related intangibles |
|
5 |
|
$ |
1,820 |
|
|
$ |
(1,820 |
) |
|
$ |
— |
|
Customer relationships |
|
7 |
|
|
13,780 |
|
|
|
(13,558 |
) |
|
|
222 |
|
Developed technologies |
|
11 |
|
|
4,380 |
|
|
|
(2,327 |
) |
|
|
2,053 |
|
Covenants to non-compete |
|
2 |
|
|
115 |
|
|
|
(115 |
) |
|
|
— |
|
Licensed technology |
|
3 |
|
|
804 |
|
|
|
(292 |
) |
|
|
512 |
|
Total intangible assets, net |
|
|
|
$ |
20,899 |
|
|
$ |
(18,112 |
) |
|
$ |
2,787 |
|
Amortization expense was $0.2 million and $0.8 million for the three months ended March 31, 2026 and 2025, respectively. As of March 31, 2026, estimated future amortization expense related to intangible assets were as follows (in thousands):
|
|
|
|
|
|
|
Estimated future amortization |
|
2026 (remaining nine months) |
|
$ |
705 |
|
2027 |
|
|
685 |
|
2028 |
|
|
343 |
|
2029 |
|
|
343 |
|
2030 |
|
|
343 |
|
Thereafter |
|
|
580 |
|
Total |
|
$ |
2,999 |
|
Goodwill There were no changes in the carrying amount of goodwill for the three months ended March 31, 2026 from December 31, 2025.
|