Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 8 – INTANGIBLE ASSETS

The Company’s finite-lived intangible assets as of September 30, 2022 and December 31, 2021 are summarized in the following table.

As of September 30, 2022	Gross Carrying Amount		Accumulated Amortization			Currency Translation			Net Carrying Amount		Remaining Weighted Average Amortization Period
(Dollars in thousands)
Brand name	$	9,000	$	(9,174	)	$	174		$	—		—
Technology		15,000		(15,290	)		290			—		—
Customer relationships		167,000		(109,949	)		(5,421	)		51,630	1-6
Total finite-lived intangibles	$	191,000	$	(134,413	)	$	(4,957	)	$	51,630

Year Ended December 31, 2021	Gross Carrying Amount		Accumulated Amortization			Currency Translation		Net Carrying Amount		Remaining Weighted Average Amortization Period
(Dollars in thousands)
Brand name	$	9,000	$	(8,503	)	$	258	$	755	1-2
Technology		15,000		(14,172	)		430	$	1,258	2
Customer relationships		167,000		(95,540	)		3,397	$	74,857	2-7
Total finite-lived intangibles	$	191,000	$	(118,215	)	$	4,085	$	76,870

Amortization expense for these intangible assets was $4.5 million and $6.5 million for the three months ended September 30, 2022 and 2021, respectively. Amortization expense for the nine months ended September 30, 2022 and 2021 was $16.3 million and $19.9 million, respectively. The anticipated annual amortization expense for these intangible assets is $19.4 million for 2022, $17.7 million for 2023 and 2024, $8.7 million for 2025, and $2.3 million for 2026.