Annual report pursuant to Section 13 and 15(d)

Intangible assets, royalties, and goodwill (Tables)

v3.21.1
Intangible assets, royalties, and goodwill (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
The Company’s intangible assets (in thousands) and related useful lives (in years) are as follows:
December 31, 2020 December 31, 2019
Estimated Useful Life
Gross
Carrying
Amount (1)
Accumulated
Amortization		 Net Carrying
Amount		 Accumulated
Amortization
Net Carrying
Amount (1)
Customer relationships 7 $ 7,190  $ (1,059) $ 6,131  $ (35) $ 7,155 
Trade name 15 7,500  (516) 6,984  (14) 7,486 
Total intangible assets $ 14,690  $ (1,575) $ 13,115  $ (49) $ 14,641 
(1) The gross intangible asset values and the net carrying amount as of December 31, 2019 have been updated to correct an immaterial disclosure reporting error in our 2019 Annual Report on Form 10-K.
Schedule of future amortization of intangible assets
The estimated future amortization of intangible assets over the remaining weighted average useful life of 10.2 years is as follows (in thousands):
2021 $ 1,526 
2022 1,526 
2023 1,526 
2024 1,526 
2025 1,526 
Thereafter 5,485 
  $ 13,115