Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net and Goodwill

v3.21.2
Intangible Assets, Net and Goodwill
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
NOTE 3—INTANGIBLE ASSETS, NET
Intangible assets, net consisted of the following:
(in thousands)
 June 30, 2021 December 31, 2020 June 30, 2020
Intangible assets subject to amortization:
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) (13,976)
Customer relationships (18,188) (17,363) (16,538)
Accumulated amortization (32,386) (31,561) (30,514)
Net carrying amount 4,812  5,637  6,684 
Intangible assets not subject to amortization 97,921  97,921  115,421 
Intangible assets, net $ 102,733  $ 103,558  $ 122,105 
Amortization expense for intangible assets subject to amortization was $0.4 million and $0.7 million for the three months ended June 30, 2021 and 2020, respectively, and was $0.8 million and $1.5 million for the six months ended June 30, 2021, and 2020, respectively.
The following table presents the estimated annual amortization expense for the years ending 2021 through 2025:
(in thousands)
2021 $ 1,650 
2022 1,650 
2023 1,650 
2024 688 
2025 —