Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.21.1
Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The following table summarizes the carrying amount of intangible assets, net of accumulated amortization.
March 31, 2021
(in thousands) Weighted Average
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Amount
Patents 11 $ 1,657  $ (1,229) $ 428 
Acquired intellectual property and reacquired rights 11 15,126  (8,028) 7,098 
Internal-use software implementation costs 3 2,713  (385) 2,328 
11 $ 19,496  $ (9,642) $ 9,854 
December 31, 2020
(in thousands) Weighted Average
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Amount
Patents 11 $ 1,651  $ (1,203) $ 448 
Acquired intellectual property and reacquired rights 11 15,126  (7,770) 7,356 
Internal-use software implementation costs 3 1,675  (147) 1,528 
11 $ 18,452  $ (9,120) $ 9,332 
Amortization expense for the three-month periods ended March 31, 2021 and March 31, 2020 was $0.5 million and $0.3 million, respectively.