Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 4 — Intangible Assets

in thousands	Carrying Amount		Accumulated Amortization			Net Book Value
March 31, 2023
Definite-lived intangible assets
Developed technology	$	9,909	$	(3,299	)	$	6,610
Customer contracts and related relationship		2,383		(1,544	)		839
Trade names		123		(113	)		10
Intangible assets subject to amortization		12,415		(4,956	)		7,459
Indefinite-lived intangible assets
Trademarks		2,106		—			2,106
Total	$	14,521	$	(4,956	)	$	9,565

There was no impairment charge for the three months ended March 31, 2023. The Company recorded a pre-tax impairment charge of $4.8 million during the third quarter of 2022. The historical costs of the Company's definite-lived intangible assets were adjusted by these impairment charges to derive the carrying amounts in the table above.

in thousands	Carrying Amount		Accumulated Amortization			Net Book Value
December 31, 2022
Definite-lived intangible assets
Developed technology	$	9,909	$	(2,910	)	$	6,999
Customer contracts and related relationship		2,383		(1,376	)		1,007
Trade names		123		(103	)		20
Intangible assets subject to amortization		12,415		(4,389	)		8,026
Indefinite-lived intangible assets
Trademarks		2,106		—			2,106
Total	$	14,521	$	(4,389	)	$	10,132

Based on the amount of intangible assets as of March 31, 2023, the expected amortization expense for each of the next five years and thereafter is as follows:

in thousands	Expected Amortization Expense
2023 (remainder)	$	1,680
2024		1,891
2025		1,555
2026		1,555
2027		778
Total Intangible assets subject to amortization	$	7,459