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Impairment of Property and Equipment, Operating Lease Right-of-use Assets and Intangible Assets
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Impairment of Property and Equipment, Operating Lease Right-of-use Assets and Intangible Assets Impairment of Property and Equipment, Operating Lease Right-of-use Assets and Intangible Assets
There were no impairments of property and equipment, operating lease right-of-use assets, and intangible assets during the year ended December 31, 2021.
The Company recorded impairment charges of property and equipment, operating lease right-of-use assets and intangible assets during the year ended December 31, 2020, as follows (in thousands):
Property and equipment$30,178 
Operating lease right-of-use assets7,434 
Other Intangible Assets:
   Patents and technology14,733 
   Customer relationships15,796 
   Intangible assets in progress596 
   Trademarks and brand names1,238 
Total other intangible assets32,363 
Total impairment charges$69,975 

During the first quarter of 2020, with the onset of the global COVID-19 Pandemic and the significant disruption across the industry, the Company’s operations were negatively impacted resulting in actual and projected declines in the Company’s revenues and results of operations. These declines were driven by market factors, including an oversupply of oil, insufficient storage and demand destruction resulting from the reaction to the pandemic. Based on these factors, the Company concluded that a triggering event occurred and, accordingly, an interim impairment test was performed as of March 31, 2020, for the CT segment.

Using the income approach, the fair value of the CT segment asset group was determined based on the present value of future cash flows. The Company utilized internal forecast trends and potential growth rates to estimate future cash flows of the asset group. Based on the results of the quantitative assessment, the Company concluded the carrying value of the asset group exceeded its fair value as of March 31, 2020, and an impairment loss of $57.5 million was recorded.

Management performed an interim impairment test as of September 30, 2020 for the DA business segment which was negatively impacted by reduced demand in the oil and gas sector because of reductions in capital spending across our customer base, lower than anticipated growth in the international market gained from the JP3 acquisition.

Using the income approach, the fair value of the DA segment asset group was determined based on the present value of future cash flows. The Company utilized internal forecast trends and potential growth rates to estimate future cash flows of the asset group. Based on the results of the assessment, the Company concluded the carrying value of the asset group exceeded its fair value as of September 30, 2020. The Company recognized an impairment loss of $12.5 million in the DA segment asset group.
During the year ended December 31, 2020, all finite lived intangible assets were fully impaired.