Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

The following table presents the components of net intangible assets (in thousands):

	As of December 31, 2021						As of December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Managed Services
Affiliate network	$	994	$	(994)	$	—	$	994	$	(735)	$	259
Trademarks	548		(548)		—		548		(548)		—
Subtotal	1,542		(1,542)		—		1,542		(1,283)		259
Collaboration Products
Developed technology	10,060		(4,537)		5,523		10,060		(2,520)		7,540
Trade names	2,410		(542)		1,868		2,410		(302)		2,108
Distributor relationships	310		(139)		171		310		(77)		233
Subtotal	12,780		(5,218)		7,562		12,780		(2,899)		9,881
Total	$	14,322	$	(6,760)	$	7,562	$	14,322	$	(4,182)	$	10,140

At each reporting period, we determine if there was a triggering event that may result in an impairment of our intangible assets.

Collaboration Products Reportable Segment

During the year ended December 31, 2021, we considered the decline in revenue for Collaboration Products to be a triggering event for a recoverability test of intangible assets for this reporting unit. Based on the corresponding recoverability tests of Collaboration Products’ intangible assets, we determined no impairment charges were required for the year ended December 31, 2021.

Managed Services Reportable Segment

During the year ended December 31, 2021, our Managed Services segment stopped offering video meeting suites (“VMS”) services. VMS services were a component of our video collaboration services revenue stream and contributed to the cash flows relating to the affiliate network intangible asset. During the year ended December 31, 2021, we identified the cessation of our VMS services to be a triggering event for a recoverability test of the affiliate network intangible asset. Based on the corresponding recoverability test, we deemed the affiliate network intangible asset to have no remaining value. Therefore, we recorded an impairment charge of $207,000 for the year ended December 31, 2021.

Intangible assets with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from five years to twelve years in accordance with ASC Topic 350.

The average lives for the components of intangible assets are as follows:

Collaboration Products	Life
Developed technology	5 years
Trade names	10 years
Distributor relationships	5 years

Related amortization expense was $2,371,000 and $2,432,000 for the years ended December 31, 2021 and 2020, respectively. Amortization expense for each of the next five succeeding years will be as follows (in thousands):

2022	$	2,317
2023	2,309
2024	1,792
2025	241
2026	241
Thereafter	662
Total	$	7,562