| INTANGIBLE ASSETS |
INTANGIBLE ASSETS Intangible assets as of June 30, 2023 and December 31, 2022 consisted of the following:
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(in thousands) |
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June 30, 2023 |
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December 31, 2022 |
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Estimated
Useful
Life in
Years |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Value |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Value |
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| Amortizing Intangible Assets: |
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| Customer Relationships |
3 to 5 |
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$ |
7,400 |
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$ |
(7,400) |
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$ |
— |
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$ |
7,400 |
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$ |
(7,400) |
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$ |
— |
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| Trademarks and Patent |
2 to 8 |
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4,500 |
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(4,116) |
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384 |
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4,500 |
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(2,991) |
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1,509 |
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| Operating Licenses |
14 |
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12,239 |
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(12,239) |
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— |
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12,239 |
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(12,239) |
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— |
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| Total Amortizing Intangible Assets |
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24,139
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(23,755) |
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384
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24,139
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(22,630) |
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1,509
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| Non-Amortizing Intangible Assets: |
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| Trade Name |
Indefinite |
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1,350 |
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— |
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1,350 |
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1,350 |
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— |
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1,350 |
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| Total Non-Amortizing Intangible Assets |
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1,350
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—
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1,350
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1,350
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—
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1,350
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| Total Intangible Assets, Net |
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$ |
25,489
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$ |
(23,755) |
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$ |
1,734
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$ |
25,489
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$ |
(22,630) |
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$ |
2,859
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Amortization expense related to continuing operations was $0.56 million and $2.42 million for the three months ended June 30, 2023 and 2022, respectively, and $1.13 million and $4.77 million for the six months ended June 30, 2023 and 2022, respectively.
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