Intangible Assets, Net and Goodwill |
Intangible Assets, Net and Goodwill The following table presents details of purchased intangible assets as of December 31, 2023 and 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Remaining Weighted-Average Useful Life | | | | | | | | | | | | (in thousands) | | (in years) | Intangible assets subject to amortization: | | | | | | | | | Acquired license | | $ | 11,886 | | | $ | (4,686) | | | $ | 7,200 | | | 6.8 | Non-compete agreements and other covenant rights | | 5,100 | | | (3,588) | | | 1,512 | | | 1.9 | Acquired technology | | 1,600 | | | (1,333) | | | 267 | | | 0.3 | Total intangible assets subject to amortization | | 18,586 | | | (9,607) | | | 8,979 | | | | Intangible assets not subject to amortization: | | | | | | | | | | | | | | | | | | Goodwill | | 3,290 | | | — | | | 3,290 | | | | Total purchased intangible assets | | $ | 21,876 | | | $ | (9,607) | | | $ | 12,269 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Remaining Weighted-Average Useful Life | | | | | | | | | | | | (in thousands) | | (in years) | Intangible assets subject to amortization: | | | | | | | | | Acquired license | | $ | 11,886 | | | $ | (3,579) | | | $ | 8,307 | | | 7.8 | Non-compete agreements and other covenant rights | | 5,100 | | | (2,747) | | | 2,353 | | | 2.9 | Acquired technology | | 1,600 | | | (533) | | | 1,067 | | | 1.4 | Total intangible assets subject to amortization | | 18,586 | | | (6,859) | | | 11,727 | | | | Intangible assets not subject to amortization: | | | | | | | | | | | | | | | | | | Goodwill | | 3,290 | | | — | | | 3,290 | | | | Total purchased intangible assets | | $ | 21,876 | | | $ | (6,859) | | | $ | 15,017 | | | |
Amortization of finite-lived intangible assets was $2.7 million, $2.5 million and $1.9 million, for the years ended December 31, 2023, 2022 and 2021, respectively. The following table summarizes estimated future amortization expense of finite-lived intangible assets, net: | | | | | | | | | Year Ending December 31, | | | | | (in thousands) | 2024 | | $ | 2,219 | | 2025 | | 1,670 | | 2026 | | 1,212 | | 2027 | | 1,107 | | 2028 | | 1,109 | | 2029 and thereafter | | 1,662 | | Total | | $ | 8,979 | |
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