Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following table summarizes acquired intangible assets at December 31 as follows:
  2021 2020
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146  $ 1,979  $ 2,146  $ 1,891 
Non-compete Agreement 4 years 11,082  10,592  11,082  10,085 
Trade Names 10 years 11,447  8,518  11,512  7,537 
Completed and Unpatented Technology 9 years 47,932  30,441  48,043  25,766 
Customer Relationships 15 years 142,276  69,033  142,478  60,096 
Total Intangible Assets 12 years $ 214,883  $ 120,563  $ 215,261  $ 105,375 
Amortization is computed on the straight line method for financial reporting purposes. Amortization expense for intangibles was $15.4 million, $17.1 million and $17.6 million for 2021, 2020 and 2019, respectively. During 2019 there was a $6.2 million impairment of intangible assets in conjunction with the AeroSat restructuring. The amount is classified within Impairment Loss in the Consolidated Statements of Operations.
Based upon acquired intangible assets at December 31, 2021, amortization expense for each of the next five years is estimated to be:
(In thousands)  
2022 $ 14,911 
2023 $ 13,878 
2024 $ 12,856 
2025 $ 10,935 
2026 $ 9,533