Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Identified Intangible Assets (Tables)

v3.22.2
Goodwill and Identified Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
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 June 30, 2022 (dollars in thousands):

Cost Accumulated
Amortization
Carrying
Amount
Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,291) $ 109  1.46
Technology-based 18,300  (16,572) 1,728  1.74
Customer-based 27,700  (11,544) 16,156  7.87
Workforce-based 380  (53) 327  8.60
$ 47,780  $ (29,460) $ 18,320 
Identified intangible assets consisted of the following at December 31, 2021 (dollars in thousands):

Cost Accumulated
Amortization
Carrying
Amount
Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,253) $ 147  1.96
Technology-based 18,300  (15,791) 2,509  2.01
Customer-based 27,700  (10,506) 17,194  8.37
Workforce-based 380  (35) 345  9.10
$ 47,780  $ (27,585) $ 20,195 
Schedule of future amortization of finite-lived intangible assets
Future amortization of identified intangible assets at June 30, 2022 is shown below (dollars in thousands):

As of June 30, 2022 Amount
Remaining 2022 $ 1,604 
2023 3,189 
2024 2,328 
2025 2,114 
2026 2,096 
2027 and beyond 6,989 
Total future identified intangible asset amortization $ 18,320