Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.22.0.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]  
Summary of Carrying Values For The Major Classes of Intangible Assets

Summarized below are the carrying values for the major classes of intangible assets as of December 31, 2021 and 2020:

 

 

 

Weighted

 

Gross

 

 

 

 

 

Net

 

 

 

Average

 

Carrying

 

 

Accumulated

 

 

Carrying

 

(in thousands)

 

Life

 

Amount

 

 

Amortization

 

 

Amount

 

As of December 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

Customer Lists

 

10 years

 

$

6,835

 

 

$

(6,835

)

 

$

—

 

Management Contracts

 

6 years

 

 

9,063

 

 

 

(5,622

)

 

 

3,441

 

Total

 

 

 

$

15,898

 

 

$

(12,457

)

 

$

3,441

 

As of December 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

Customer Lists

 

10 years

 

$

6,835

 

 

$

(6,781

)

 

$

54

 

Management Contracts

 

6 years

 

 

9,063

 

 

 

(4,207

)

 

 

4,856

 

Total

 

 

 

$

15,898

 

 

$

(10,988

)

 

$

4,910

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following schedule presents the estimated intangible asset amortization for the following five years commencing on January 1, 2022.

 

(in thousands)

 

 

 

2022

 

$

1,415

 

2023

 

 

1,309

 

2024

 

 

717

 

Total

 

$

3,441