GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

GOODWILL AND INTANGIBLE ASSETS [Abstract]

Goodwill and Intangible Assets

NOTE 9. GOODWILL AND INTANGIBLE ASSETS

The change in the carrying amount of goodwill during the years ended December 31, 2021 and 2020, respectively included the following:

(In thousands)
December 31, 2019	$	128,775
Additions and adjustments		26,043
Foreign exchange		1,898
December 31, 2020		156,716
Additions and adjustments		24,251
Foreign exchange		(1,259)
December 31, 2021	$	179,708

Intangible assets as of December 31, 2021 included the following:

		December 31, 2021
(In thousands)	Weighted Average Amortization Period (in years)	Gross ‎Carrying ‎Amount		Accumulated ‎Amortization		Intangible ‎Assets, ‎net
Supplier network	10.0	$	4,000	$	(2,867)	$	1,133
Customer relationships & other intangibles	6.4		56,264		(37,842)		18,422
Developed technology	8.0		71,947		(28,545)		43,402
Patents	16.1		8,938		(3,235)		5,703
Total intangible assets		$	141,149	$	(72,489)	$	68,660

Intangible assets as of December 31, 2020 included the following:

		December 31, 2020
(In thousands)	Weighted Average Amortization Period (in years)	Gross ‎Carrying ‎Amount		Accumulated ‎Amortization		Intangible ‎Assets, ‎net
Supplier network	10.0	$	4,000	$	(2,467)	$	1,533
Customer relationships & other intangibles	6.5		57,704		(32,056)		25,648
Developed technology	8.0		72,644		(19,295)		53,349
Patents	16.1		9,082		(2,663)		6,419
Total intangible assets		$	143,430	$	(56,481)	$	86,949

The following table summarizes amortization of intangible assets for future periods as of December 31, 2021:

(In thousands)	Annual ‎Amortization
Year ending December 31:
2022	$	18,358
2023		16,174
2024		13,190
2025		8,904
2026		5,461
Thereafter		6,573
Total	$	68,660