Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.22.4
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets The following table summarizes acquired intangible assets at December 31 as follows:
  2022 2021
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146  $ 2,066  $ 2,146  $ 1,979 
Non-compete Agreement 4 years 11,082  11,052  11,082  10,592 
Trade Names 10 years 11,402  9,350  11,447  8,518 
Completed and Unpatented Technology 9 years 47,855  34,877  47,932  30,441 
Customer Relationships 15 years 142,133  77,996  142,276  69,033 
Total Intangible Assets 12 years $ 214,618  $ 135,341  $ 214,883  $ 120,563 
Summary of Estimated Acquired Intangible Assets Amortization Expense
Based upon acquired intangible assets at December 31, 2022, amortization expense for each of the next five years is estimated to be:
(In thousands)  
2023 $ 13,878 
2024 $ 12,856 
2025 $ 10,935 
2026 $ 9,533 
2027 $ 7,825