Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.22.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
The table below summarizes the changes in the carrying amount of goodwill:
Balance at December 31, 2019 $ 21,471 
Impairment (15,300)
Balance at December 31, 2020 6,171 
Goodwill arising from acquisitions 48,132 
Impairment (6,171)
Balance at December 31, 2021 $ 48,132 
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following as of December 31, 2021 and 2020:
(in Thousands)
December 31, 2021 December 31, 2020
Estimated Useful Life
in Years		 Gross
Carrying Amount		 Accumulated Amortization Net
Carrying Amount		 Gross
Carrying
Value		 Accumulated Amortization Net
Carrying
Value
Amortizing Intangible Assets:
Customer Relationships
3 to 5
 $ 7,400  $ (7,400) $ —  $ 7,400  $ (7,400) $ — 
Trademarks and Patent
2 to 8
 4,500  (750) 3,750  196  (187) 9 
Operating Licenses 14 100,701  (6,864) 93,837  10,270  (3,485) 6,785 
Total Amortizing Intangible Assets 112,601  (15,014) 97,587  17,866  (11,072) 6,794 
Non-Amortizing Intangible Assets:
Trade Name Indefinite 32,050  —  32,050  920  —  920 
Total Non-Amortizing Intangible Assets 32,050  —  32,050  920  —  920 
Total Intangible Assets, Net $ 144,651  $ (15,014) $ 129,637  $ 18,786  $ (11,072) $ 7,714 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Based solely on the amortizable intangible assets recorded as of December 31, 2021, the Company estimates amortization expense for the next five years to be as follows:
(in thousands)
Year Ending December 31,
2022 2023 2024 2025 2026 and thereafter Total
Amortization expense $ 9,443  $ 8,693  $ 7,193  $ 7,193  $ 65,065  $ 97,587