Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.24.0.1
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets
The following table summarizes acquired intangible assets at December 31 as follows:
  2023 2022
(In thousands)
Weighted
Average Life
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Patents 11 years $ 2,146  $ 2,146  $ 2,146  $ 2,066 
Non-compete Agreement 4 years 11,082  11,072  11,082  11,052 
Trade Names 10 years 11,426  9,973  11,402  9,350 
Completed and Unpatented Technology 9 years 47,896  38,961  47,855  34,877 
Customer Relationships 15 years 142,208  87,186  142,133  77,996 
Total Intangible Assets 12 years $ 214,758  $ 149,338  $ 214,618  $ 135,341 
Summary of Estimated Acquired Intangible Assets Amortization Expense
Based upon acquired intangible assets at December 31, 2023, amortization expense for each of the next five years is estimated to be:
(In thousands)  
2024 $ 12,856 
2025 $ 10,935 
2026 $ 9,533 
2027 $ 7,825 
2028 $ 7,037