Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.2
Intangible Assets (Tables)
 3 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible assets

Intangible assets are comprised of the following:

 

 

Weighted Average Amortization Period

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

At June 30, 2023

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

Customer relationships

20 years

 

$

11,800

 

 

$

1,229

 

 

$

10,571

 

Technology and technical know-how

20 years

 

 

10,100

 

 

 

1,052

 

 

 

9,048

 

Backlog

4 years

 

 

3,900

 

 

 

3,162

 

 

 

738

 

 

 

 

$

25,800

 

 

$

5,443

 

 

$

20,357

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Tradename

Indefinite

 

$

6,700

 

 

$

—

 

 

$

6,700

 

 

 

 

$

6,700

 

 

$

—

 

 

$

6,700

 
Schedule of Estimated Annual Amortization Expense The estimated annual amortization expense by fiscal year is as follows:

 

 

Annual Amortization

 

Remainder of 2024

 

$

1,336

 

2025

 

 

1,318

 

2026

 

 

1,095

 

2027

 

 

1,095

 

2028

 

 

1,095

 

2029 and thereafter

 

 

14,418

 

Total intangible amortization

 

$

20,357