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Intangibles and Goodwill
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles and Goodwill

8. INTANGIBLES AND GOODWILL

 

The components of intangibles, net are as follows (in thousands):

 

 

 

 

 

December 31,

 

 

 

 

 

2021

 

 

2020

 

 

 

Useful life

 

Gross Carrying

 

 

Accumulated Amortization

 

 

Gross Carrying

 

 

Accumulated

 

 

 

in years

 

Value

 

 

and Impairment

 

 

Value

 

 

Amortization

 

Acquired trade secrets

 

2-20

 

$

4,278

 

 

$

3,334

 

 

$

4,278

 

 

$

3,120

 

Acquired patents and technology

 

4-15

 

 

15,628

 

 

 

13,159

 

 

 

15,348

 

 

 

12,677

 

Agreements not to compete

 

2-5

 

 

1,149

 

 

 

1,036

 

 

 

1,149

 

 

 

1,036

 

Acquired trade names and trademarks

 

Indefinite

 

 

4,624

 

 

 

11

 

 

 

4,641

 

 

 

 

Total intangibles, net

 

 

 

$

25,679

 

 

$

17,540

 

 

$

25,416

 

 

$

16,833

 

 

 

Our estimated amortization expense relating to these intangibles for the next five years is summarized in the following table (in thousands):

2022

 

$

684

 

2023

 

$

416

 

2024

 

$

407

 

2025

 

$

321

 

2026

 

$

230

 

 

The changes in the carrying amount of goodwill for each reportable segment are as follows (in thousands):

 

 

Reservoir

 

 

Production

 

 

 

 

 

 

Description

 

 

Enhancement

 

 

Total

 

Balance at January 1, 2020

 

$

99,484

 

 

$

113,941

 

 

$

213,425

 

Impairment

 

 

 

 

 

(113,941

)

 

 

(113,941

)

Other

 

 

(39

)

 

 

 

 

 

(39

)

Balance at December 31, 2020

 

 

99,445

 

 

 

 

 

 

99,445

 

Balance at December 31, 2021

 

$

99,445

 

 

$

 

 

$

99,445