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Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
Note 6 - Goodwill and Intangible Assets
During the three months ended March 31, 2020, we recognized an impairment charge of $4.3 million certain intangible assets as a result of the affect of the COVID-19 pandemic on our operations. This analysis did not evidence impairment of goodwill.

Our Step 1 goodwill impairment analysis includes the use of a discounted cash flow model that requires management to make assumptions regarding estimates of growth rates used to forecast revenue, operating margin and terminal value as well as determining the appropriate risk-adjusted discount rates and other factors that impact fair value determinations.

The Company monitors operating results and events and circumstances that may indicate potential impairment of intangible assets. The Company’s intangible assets impairment analysis includes the use of undiscounted cash flow and discounted cash flow models that requires management to make assumptions regarding estimates of growth rates used to forecast revenue, operating margin and terminal value as well as determining the appropriate risk adjusted discount rates and other factors that impact fair value determinations.

Management concluded that there were no triggering events that occurred during the three and six months ended June 30, 2021.
The following table shows the gross carrying amount and accumulated amortization of definite-lived intangible assets:
(in thousands)
  
As of June 30, 2021
  
   
Gross
Carrying
Amount
    
Accumulated
Amortization
    
Net
  
Amortized intangible assets:
                  
Customer relationships
  
$
8,628
    
$
(6,005
)
  
$
2,623
  
Trade names
    
1,689
      
(1,064
)
    
625
  
Developed technology
    
471
      
(471
)
    
-
  
Non-contractual customer relationships
    
433
      
(433
)
    
-
  
Noncompete agreement
    
527
      
(383
)
    
144
  
Alliance agreement
    
527
      
(330
)
    
197
  
Others
    
167
      
(167
)
    
-
  
Total
  
$
12,442
    
$
(8,853
)
  
$
3,589
  

(in thousands)
  
As of December 31, 2020
  
   
Gross Carrying
Amount
    
Accumulated
Amortization
    
Impact of
Impairment
    
Net
  
Amortized intangible assets:
                        
Customer relationships
  
$
11,730
    
$
(5,504
)
  
$
(3,102
)
  
$
3,124
  
Trade names
    
2,467
      
(1,020
)
    
(778
)
    
669
  
Developed technology
    
471
      
(471
)
    
-
      
-
  
Non-contractual customer relationships
    
433
      
(433
)
    
-
      
-
  
Noncompete agreement
    
949
      
(336
)
    
(422
)
    
191
  
Alliance agreement
    
527
      
(277
)
    
-
      
250
  
Others
    
167
      
(167
)
    
-
      
-
  
Total
  
$
16,744
    
$
(8,208
)
  
$
(4,302
)
  
$
4,234
  

Amortization expense related to definite-lived intangible assets totaled $0.3 million and $0.4 million for the  three months ended June 30, 2021 and 2020 and $0.6 million and $1.1 million for the six months ended June 30, 2021 and 2020, respectively. The following table shows the estimated amortization expense of the definite-lived intangible assets for the next five years and thereafter:
 
(in thousands)
      
Years ended December 31:
      
2021 remainder
  
$
569
  
2022
    
911
  
2023
    
640
  
2024
    
435
  
2025
    
335
  
Thereafter
    
699
  
Total
  
$
3,589