Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Identified Intangible Assets (Tables)

v3.21.2
Goodwill and Identified Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill The changes in the carrying amount of goodwill for the nine months ended September 30, 2021 and the year ended 2020, are as follows (dollars in thousands):
September 30,
2021		 December 31,
2020
Balance, beginning of the year $ 47,481  $ 47,461 
Addition —  20 
Balance, end of period $ 47,481  $ 47,481 
Schedule of estimated useful lives of identified intangible assets The identified intangible assets are being amortized using the straight-line method based on the following estimated useful lives:
Years
Marketing-based 7
Technology-based
4 - 10
Customer-based
7 - 16
Trademark-based 4
Workforce-based 10
Identified intangible assets consisted of the following at September 30, 2021 (dollars in thousands):

Cost Accumulated
Amortization		 Carrying
Amount		 Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,234) $ 166  2.21
Technology-based 18,300  (15,224) 3,076  2.30
Customer-based 27,700  (9,987) 17,713  8.62
Workforce-based 380  (25) 355  9.35
$ 47,780  $ (26,470) $ 21,310 
Identified intangible assets consisted of the following at December 31, 2020 (dollars in thousands):

Cost Accumulated
Amortization		 Carrying
Amount		 Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,144) $ 256  2.59
Technology-based 18,300  (13,484) 4,816  2.56
Customer-based 22,100  (8,484) 13,616  9.05
$ 41,800  $ (23,112) $ 18,688 
Schedule of future amortization of finite-lived intangible assets
Future amortization of identified intangible assets at September 30, 2021 is shown below (dollars in thousands):

As of September 30, 2021 Amount
Remaining 2021 $ 1,114 
2022 3,479 
2023 3,189 
2024 2,328 
2025 2,114 
2026 and beyond 9,086 
Total future identified intangible asset amortization $ 21,310