Other Intangibles, net

12 Months Ended

Dec. 31, 2023

OTHER INTANGIBLES, NET

Other Intangibles, net

Note 9: Other Intangibles, net

Intangible assets are amortized over their legal or estimated useful life. The following table provides a summary of the gross carrying value and accumulated amortization by each major intangible class:

		2023				2022
(in thousands)		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived Intangibles:
Customer relationships	$	10,000	$	(500)	$	—	$	—
Trade names and trademarks		3,519		(479)		319		(294)
Software licenses		2,202		(1,917)		2,202		(1,143)
Patents and technology		300		(300)		300		(300)
	$	16,021	$	(3,196)	$	2,821	$	(1,737)

During 2023, the Company acquired intangible assets; see note titled Business Acquisition for additional details related to the intangible assets acquired. Amortization expense for each of the periods presented was as follows:

Years ended December 31,		2023		2022		2021
(in thousands)
Amortization of finite-lived intangible assets	$	1,459	$	796	$	27

Estimated future amortization expense based on balances as of December 31, 2023, is as follows: $1.7 million for 2024; $1.3 million for the years 2024 to 2028.