Intangibles

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

(6) Intangibles

Intangible assets, net as of December 31, 2021 and 2020 consist of the following (in thousands):

			Successor							Predecessor
			December 31, 2021							December 31, 2020
	Estimated		Gross		Accumulated			Net		Gross		Accumulated			Net
	Useful Lives		Amount		Amortization			Balance		Amount		Amortization			Balance
Trademarks		10	$	7,294	$	(655	)	$	6,639	$	4,744	$	(4,263	)	$	481
Patents		10		2,120		(195	)		1,925		-		-			-
Customer Relationships		17		-		-			-		14,592		(10,077	)		4,515
Non-Compete Agreements		3		-		-			-		3,478		(3,478	)		-
Total			$	9,414	$	(850	)	$	8,564	$	22,814	$	(17,818	)	$	4,996

At December 31, 2021, we recognized an increase in trademarks of approximately $3.1 million related to fresh start accounting adjustments associated with the revision of our decommissioning liabilities. See Note 1 - Summary of Significant Accounting Policies for further discussion of the changes in our decommissioning liabilities.

Amortization expense for the Successor Period, the Predecessor Period and the years ended December 31, 2020 and 2019 was $0.9 million, $0.1 million, $1.3 million and $1.3 million, respectively. Based on the carrying values of intangible assets of December 31, 2021, amortization expense for the next five years (2022 through 2026) is estimated to be $0.9 million.