Intangible Assets, Net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

The following is a summary of the Company’s intangible assets in the consolidated balance sheets:

	December 31, 2021
	Gross Carrying Amount		Accumulated Amortization and Impairment		Net
(in thousands)
Trade names and trademarks	$	42,301	$	(40,781)	$	1,520
Total intangible asset	$	42,301	$	(40,781)	$	1,520

	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization and Impairment		Net
(in thousands)
Trade names and trademarks	$	42,301	$	(40,021)	$	2,280
Total intangible asset	$	42,301	$	(40,021)	$	2,280

The Company’s trade names and trademarks have useful lives ranging from 11 to 15 years. Amortization is expensed on a straight-line basis for all intangible assets, as this is the Company’s best estimate of the period of economic benefit to be received.

The Company performed an evaluation of its intangible assets and determined there was an impairment of $0.7 million during the years ended December 31, 2019, associated with a product trade name which is no longer in use. These impairment charges were recognized within sales and marketing expense on the Company’s consolidated statements of operations. Amortization expense of intangible assets totaled $0.8 million for each of the years ended December 31, 2021, 2020 and 2019, respectively.

As of December 31, 2021, estimated future amortization of intangible assets is as follows:

	Amount
(in thousands)
2022	$	760
2023	760
Total	$	1,520