Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net and Goodwill

v3.23.3
Intangible Assets, Net and Goodwill
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
NOTE 3 — INTANGIBLE ASSETS, NET AND GOODWILL
INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

(in thousands)
 September 30, 2023 December 31, 2022 September 30, 2022
Intangible assets with definite lives:
Patents and purchased technology $ 14,198  $ 14,198  $ 14,198 
Customer relationships 23,000  23,000  23,000 
Gross carrying amount 37,198  37,198  37,198 
Accumulated amortization:
Patents and purchased technology (14,198) (14,198) (14,198)
Customer relationships (21,900) (20,663) (20,249)
Accumulated amortization (36,098) (34,861) (34,447)
Net carrying amount 1,100  2,337  2,751 
Intangible assets with indefinite lives 79,221  79,221  97,921 
Intangible assets, net $ 80,321  $ 81,558  $ 100,672 
Amortization expense for intangible assets subject to amortization was $0.4 million for the three months ended September 30, 2023 and 2022, and was $1.2 million for the nine months ended September 30, 2023 and 2022.
The following table presents the remaining estimated annual amortization expense of intangible assets with definite lives for the years 2023 through 2028:

(in thousands)
2023 $ 413 
2024 $ 687 
2025 and thereafter $ — 
GOODWILLThere have been no changes to the Company's goodwill as described in Note 6 in Part II, Item 8 of the Company's Annual Report on Form 10-K for the year ended December 31, 2022.