Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET (Tables)

v3.21.2
INTANGIBLE ASSETS, NET (Tables)
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets by Major Class
The following tables summarize the gross carrying amounts and accumulated amortization of intangible assets by major class:
  June 30, 2021
Gross Accumulated Amortization Net
(thousands of dollars)
Customer relationships $ 16,852  $ (7,584) $ 9,268 
Non-compete agreements 94  (94) — 
Licenses and permits 1,471  (760) 711 
Developed technology 6,131  (4,138) 1,993 
Total $ 24,548  $ (12,576) $ 11,972 
  December 31, 2020
Gross Accumulated Amortization Net
(thousands of dollars)
Customer relationships $ 16,852  $ (7,022) $ 9,830 
Non-compete agreements 94  (94) — 
Licenses and permits 1,471  (707) 764 
Developed technology 6,131  (3,832) 2,299 
Total $ 24,548  $ (11,655) $ 12,893 
Estimated Amortization Expenses for Succeeding Five Fiscal Years
Based on identified intangible assets that are subject to amortization as of June 30, 2021, we expect future amortization expenses for each period to be as follows:
Total Remainder of 2021 2022 2023 2024 2025 2026 Thereafter
(thousands of dollars)
Customer relationships $ 9,268  $ 561  $ 1,123  $ 1,123  1,123  1,123  1,123  $ 3,092 
Licenses and permits 711  48  86  86  86  86  86  233 
Developed technology 1,993  307  613  613  460  —  —  — 
Total future amortization expense $ 11,972  $ 916  $ 1,822  $ 1,822  $ 1,669  $ 1,209  $ 1,209  $ 3,325